IFP Advisors Inc lessened its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 65.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,922 shares of the company’s stock after selling 18,983 shares during the quarter. IFP Advisors Inc’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,835,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Aptus Capital Advisors LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 67.3% during the third quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock worth $29,000 after purchasing an additional 68 shares during the last quarter. Fifth Third Bancorp bought a new position in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at $37,000. Newbridge Financial Services Group Inc. bought a new position in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at $48,000. Sound Income Strategies LLC grew its position in Fidelity MSCI Information Technology Index ETF by 146.7% in the fourth quarter. Sound Income Strategies LLC now owns 264 shares of the company’s stock valued at $49,000 after purchasing an additional 157 shares in the last quarter. Finally, Harbor Investment Advisory LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at $69,000.
Fidelity MSCI Information Technology Index ETF Trading Down 1.5 %
Fidelity MSCI Information Technology Index ETF stock opened at $180.20 on Wednesday. The company has a market cap of $11.23 billion, a P/E ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 1-year low of $142.12 and a 1-year high of $193.06. The company has a fifty day simple moving average of $186.94 and a 200 day simple moving average of $180.12.
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.
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