Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Stock Position Decreased by SVB Wealth LLC

SVB Wealth LLC lessened its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 21.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,984 shares of the company’s stock after selling 3,243 shares during the period. SVB Wealth LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,721,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Dynamic Advisor Solutions LLC grew its position in shares of Fidelity MSCI Information Technology Index ETF by 1.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 5,574 shares of the company’s stock valued at $765,000 after buying an additional 84 shares during the last quarter. Belpointe Asset Management LLC grew its position in shares of Fidelity MSCI Information Technology Index ETF by 1.5% during the 1st quarter. Belpointe Asset Management LLC now owns 6,600 shares of the company’s stock valued at $752,000 after buying an additional 97 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Fidelity MSCI Information Technology Index ETF by 1.3% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 7,606 shares of the company’s stock valued at $935,000 after buying an additional 98 shares during the last quarter. HB Wealth Management LLC grew its position in Fidelity MSCI Information Technology Index ETF by 4.7% in the 4th quarter. HB Wealth Management LLC now owns 2,238 shares of the company’s stock worth $322,000 after purchasing an additional 101 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. grew its position in Fidelity MSCI Information Technology Index ETF by 13.3% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 861 shares of the company’s stock worth $124,000 after purchasing an additional 101 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 0.9 %

NYSEARCA FTEC opened at $146.39 on Friday. Fidelity MSCI Information Technology Index ETF has a 52 week low of $108.86 and a 52 week high of $159.43. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 38.28 and a beta of 1.36. The company has a 50-day moving average price of $153.73 and a two-hundred day moving average price of $142.63.

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.