Florida Financial Advisors LLC Sells 256 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Florida Financial Advisors LLC reduced its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,998 shares of the company’s stock after selling 256 shares during the period. Fidelity MSCI Information Technology Index ETF makes up about 0.7% of Florida Financial Advisors LLC’s holdings, making the stock its 25th largest holding. Florida Financial Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. SteelPeak Wealth LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth about $53,085,000. LPL Financial LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 47.6% during the 4th quarter. LPL Financial LLC now owns 388,608 shares of the company’s stock worth $71,846,000 after acquiring an additional 125,340 shares during the period. Eaton Financial Holdings Company LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth approximately $12,347,000. Raymond James Financial Inc. bought a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at $12,377,000. Finally, Goldstone Financial Group LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at $7,664,000.

Fidelity MSCI Information Technology Index ETF Stock Up 2.0 %

NYSEARCA:FTEC opened at $171.00 on Tuesday. The stock has a market cap of $12.07 billion, a P/E ratio of 33.25 and a beta of 1.17. The business’s 50-day moving average price is $180.08 and its two-hundred day moving average price is $180.44. Fidelity MSCI Information Technology Index ETF has a twelve month low of $142.12 and a twelve month high of $193.06.

About Fidelity MSCI Information Technology Index ETF

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.