Apexium Financial LP Purchases 13,014 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Apexium Financial LP lifted its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 160.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,113 shares of the company’s stock after acquiring an additional 13,014 shares during the quarter. Apexium Financial LP’s holdings in Fidelity MSCI Information Technology Index ETF were worth $3,903,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $279,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 34.8% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,338 shares of the company’s stock worth $432,000 after purchasing an additional 604 shares during the period. Crescent Grove Advisors LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth $204,000. Monte Financial Group LLC bought a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at $211,000. Finally, Dynamic Advisor Solutions LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at approximately $208,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $190.45 on Monday. The stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. The company has a fifty day moving average of $187.21 and a 200-day moving average of $177.32. Fidelity MSCI Information Technology Index ETF has a 52-week low of $142.12 and a 52-week high of $193.06.

Fidelity MSCI Information Technology Index ETF Company 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.