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

Verus Capital Partners LLC reduced its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 46.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 129.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 700,423 shares of the company’s stock valued at $157,364,000 after purchasing an additional 394,739 shares during the last quarter. Vicus Capital raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 2,666.4% during the fourth quarter. Vicus Capital now owns 112,649 shares of the company’s stock worth $25,309,000 after buying an additional 108,577 shares during the last quarter. SteelPeak Wealth LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 3,622.3% during the fourth quarter. SteelPeak Wealth LLC now owns 107,724 shares of the company’s stock worth $24,202,000 after buying an additional 104,830 shares during the last quarter. Orion Porfolio Solutions LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF by 406.9% in the second quarter. Orion Porfolio Solutions LLC now owns 108,109 shares of the company’s stock valued at $21,321,000 after buying an additional 86,780 shares during the period. Finally, LPL Financial LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF by 14.1% in the fourth quarter. LPL Financial LLC now owns 694,702 shares of the company’s stock valued at $156,079,000 after buying an additional 85,840 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC stock opened at $270.10 on Friday. Fidelity MSCI Information Technology Index ETF has a 52-week low of $198.17 and a 52-week high of $300.79. The stock has a market cap of $19.85 billion, a PE ratio of 35.45 and a beta of 1.34. The firm’s 50 day moving average price is $278.42 and its two-hundred day moving average price is $246.57.

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.