3,296 Fidelity MSCI Information Technology Index ETF $FTEC Shares Sold by Sterling Investment Counsel LLC

Sterling Investment Counsel LLC lowered its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 9.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,245 shares of the company’s stock after selling 3,296 shares during the quarter. Fidelity MSCI Information Technology Index ETF makes up approximately 2.2% of Sterling Investment Counsel LLC’s holdings, making the stock its 11th largest position. Sterling Investment Counsel LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $9,676,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cornell Pochily Investment Advisors Inc. increased its position in Fidelity MSCI Information Technology Index ETF by 7.8% in the third quarter. Cornell Pochily Investment Advisors Inc. now owns 2,154 shares of the company’s stock worth $646,000 after buying an additional 156 shares during the period. SteelPeak Wealth LLC boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2,389.5% during the third quarter. SteelPeak Wealth LLC now owns 85,540 shares of the company’s stock valued at $25,667,000 after acquiring an additional 82,104 shares during the period. IFP Advisors Inc boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 16.8% during the third quarter. IFP Advisors Inc now owns 9,774 shares of the company’s stock valued at $2,933,000 after acquiring an additional 1,408 shares during the period. WealthPlan Investment Management LLC grew its position in shares of Fidelity MSCI Information Technology Index ETF by 2.5% during the third quarter. WealthPlan Investment Management LLC now owns 4,204 shares of the company’s stock worth $1,261,000 after acquiring an additional 101 shares during the last quarter. Finally, Ashurst Perkins Coie Trust Co bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the third quarter worth about $908,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of FTEC stock traded up $3.84 during trading hours on Monday, reaching $287.30. The stock had a trading volume of 374,257 shares, compared to its average volume of 364,224. Fidelity MSCI Information Technology Index ETF has a twelve month low of $198.17 and a twelve month high of $311.83. The firm has a 50-day simple moving average of $292.36 and a 200-day simple moving average of $274.82. The firm has a market capitalization of $21.32 billion, a PE ratio of 35.45 and a beta of 1.34.

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.