Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC trimmed its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,682 shares of the company’s stock after selling 205 shares during the period. Belpointe Asset Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $969,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eaton Financial Holdings Company LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth approximately $12,347,000. Sfmg LLC raised its holdings in Fidelity MSCI Information Technology Index ETF by 54.8% during the third quarter. Sfmg LLC now owns 2,396 shares of the company’s stock worth $418,000 after purchasing an additional 848 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Fidelity MSCI Information Technology Index ETF by 10.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 2,166 shares of the company’s stock worth $377,000 after purchasing an additional 211 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 128,648 shares of the company’s stock valued at $22,449,000 after buying an additional 6,629 shares during the period. Finally, Marotta Asset Management boosted its stake in Fidelity MSCI Information Technology Index ETF by 20.2% during the fourth quarter. Marotta Asset Management now owns 20,949 shares of the company’s stock valued at $3,875,000 after buying an additional 3,520 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Up 0.3 %

NYSEARCA:FTEC opened at $156.42 on Wednesday. Fidelity MSCI Information Technology Index ETF has a 52-week low of $134.11 and a 52-week high of $193.06. The firm has a market cap of $11.04 billion, a P/E ratio of 32.28 and a beta of 1.23. The business’s 50-day moving average price is $169.41 and its 200 day moving average price is $178.69.

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.