Anchor Investment Management LLC Reduces Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Anchor Investment Management LLC reduced its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,581 shares of the company’s stock after selling 200 shares during the quarter. Anchor Investment Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $3,065,000 at the end of the most recent reporting period.

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

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $155.92 on Tuesday. The business’s 50 day moving average price is $170.01 and its 200 day moving average price is $178.85. The company has a market cap of $11.01 billion, a price-to-earnings ratio of 32.28 and a beta of 1.23. Fidelity MSCI Information Technology Index ETF has a one year low of $134.11 and a one year high of $193.06.

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.