Sterling Investment Counsel LLC Has $7.19 Million Stake in Fidelity MSCI Information Technology Index ETF $FTEC

Sterling Investment Counsel LLC raised its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 2,538.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,567 shares of the company’s stock after acquiring an additional 33,257 shares during the quarter. Fidelity MSCI Information Technology Index ETF comprises approximately 2.0% of Sterling Investment Counsel LLC’s holdings, making the stock its 12th largest position. Sterling Investment Counsel LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $7,192,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Fidelity MSCI Information Technology Index ETF by 129.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 700,423 shares of the company’s stock worth $157,364,000 after purchasing an additional 394,739 shares in the last quarter. LPL Financial LLC raised its holdings in Fidelity MSCI Information Technology Index ETF by 14.1% during the fourth quarter. LPL Financial LLC now owns 694,702 shares of the company’s stock valued at $156,079,000 after buying an additional 85,840 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in Fidelity MSCI Information Technology Index ETF by 6,087.4% during the third quarter. Mercer Global Advisors Inc. ADV now owns 479,401 shares of the company’s stock valued at $106,504,000 after buying an additional 471,653 shares in the last quarter. Morgan Stanley lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 6.7% in the fourth quarter. Morgan Stanley now owns 365,438 shares of the company’s stock worth $82,103,000 after buying an additional 22,833 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 1.5% in the fourth quarter. Osaic Holdings Inc. now owns 299,564 shares of the company’s stock worth $67,358,000 after buying an additional 4,486 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

FTEC opened at $286.54 on Monday. The firm has a market cap of $20.83 billion, a P/E ratio of 35.45 and a beta of 1.34. The business has a 50 day moving average price of $264.93 and a 200 day moving average price of $236.55. Fidelity MSCI Information Technology Index ETF has a twelve month low of $185.26 and a twelve month high of $300.79.

Fidelity MSCI Information Technology Index ETF Profile

The Fidelity MSCI Information Technology Index ETF (FTEC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market-cap-weighted index of stocks in the broad US information technology sector. FTEC was launched on Oct 21, 2013 and is managed by Fidelity.