SteelPeak Wealth LLC Sells 104,239 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

SteelPeak Wealth LLC decreased its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 96.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,485 shares of the company’s stock after selling 104,239 shares during the period. SteelPeak Wealth LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $725,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. TABR Capital Management LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter worth approximately $1,710,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 313,356 shares of the company’s stock valued at $70,402,000 after buying an additional 7,672 shares during the last quarter. Kraft Davis & Associates LLC boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 35.0% in the 4th quarter. Kraft Davis & Associates LLC now owns 81,384 shares of the company’s stock valued at $18,547,000 after buying an additional 21,099 shares during the last quarter. Everpar Advisors LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at $1,777,000. Finally, Capital Investment Advisors LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at $778,000.

Fidelity MSCI Information Technology Index ETF Trading Down 1.0%

Shares of FTEC opened at $270.13 on Friday. The company has a market cap of $19.83 billion, a price-to-earnings ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a 1-year low of $198.17 and a 1-year high of $300.79. The company’s fifty day simple moving average is $278.65 and its 200 day simple moving average is $243.53.

Fidelity MSCI Information Technology Index ETF 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.