Verus Capital Partners LLC Has $809,000 Stake in Fidelity MSCI Information Technology Index ETF $FTEC

Verus Capital Partners LLC reduced its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 46.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,889 shares of the company’s stock after selling 3,376 shares during the quarter. Verus Capital Partners LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $809,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Wealth Watch Advisors INC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at $30,000. Elyxium Wealth LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter worth about $37,000. SouthState Bank Corp acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter worth about $50,000. Strategic Advocates LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF by 76.4% during the 4th quarter. Strategic Advocates LLC now owns 247 shares of the company’s stock valued at $56,000 after purchasing an additional 107 shares during the last quarter. Finally, MidFirst Bank bought a new position in Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $73,000.

Fidelity MSCI Information Technology Index ETF Stock Down 0.4%

NYSEARCA:FTEC opened at $270.10 on Friday. The firm has a market cap of $19.85 billion, a PE ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a 12 month low of $198.17 and a 12 month high of $300.79. The company’s 50-day moving average price is $278.42 and its two-hundred day moving average price is $246.57.

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.