Envestnet Asset Management Inc. Sells 119,421 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Envestnet Asset Management Inc. reduced its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 567,041 shares of the company’s stock after selling 119,421 shares during the period. Envestnet Asset Management Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $104,834,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of FTEC. Whittier Trust Co. of Nevada Inc. acquired a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth $26,000. Fifth Third Bancorp acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at $37,000. Promus Capital LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth about $41,000. Mainstream Capital Management LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter worth about $44,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $48,000.

Fidelity MSCI Information Technology Index ETF Trading Up 0.4 %

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $143.08 on Tuesday. The stock has a market capitalization of $10.10 billion, a price-to-earnings ratio of 32.28 and a beta of 1.23. The firm’s 50-day moving average price is $174.57 and its two-hundred day moving average price is $179.95. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.11 and a 1-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.