Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC trimmed its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,723 shares of the company’s stock after selling 1,007 shares during the quarter. Mutual Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,604,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the second quarter worth about $32,000. Marshall Wace LLP acquired a new position in Fidelity MSCI Information Technology Index ETF during the second quarter worth about $456,000. Copperwynd Financial LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the second quarter worth about $230,000. Creative Planning grew its position in Fidelity MSCI Information Technology Index ETF by 43.6% during the second quarter. Creative Planning now owns 27,849 shares of the company’s stock worth $4,777,000 after buying an additional 8,450 shares during the period. Finally, Sunbelt Securities Inc. grew its position in Fidelity MSCI Information Technology Index ETF by 7.4% during the second quarter. Sunbelt Securities Inc. now owns 14,541 shares of the company’s stock worth $2,494,000 after buying an additional 1,005 shares during the period.

Fidelity MSCI Information Technology Index ETF Trading Down 1.0 %

Shares of FTEC opened at $190.45 on Friday. The firm’s 50-day moving average is $187.21 and its two-hundred day moving average is $177.35. Fidelity MSCI Information Technology Index ETF has a twelve month low of $142.12 and a twelve month high of $193.06. The firm has a market capitalization of $11.87 billion, a P/E ratio of 37.14 and a beta of 1.41.

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.