WealthShield Partners LLC cut its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 67.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 979 shares of the company’s stock after selling 2,023 shares during the period. WealthShield Partners LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $220,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. PFG Advisors acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at $22,364,000. Capital Investment Advisors LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at $778,000. Perennial Investment Advisors LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at $580,000. Siligmueller & Norvid Wealth Advisors LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at $607,000. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 6,087.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 479,401 shares of the company’s stock valued at $106,504,000 after acquiring an additional 471,653 shares in the last quarter.
Fidelity MSCI Information Technology Index ETF Trading Up 2.7%
NYSEARCA:FTEC opened at $268.37 on Friday. The firm has a market capitalization of $19.51 billion, a price-to-earnings ratio of 35.45 and a beta of 1.31. The firm’s fifty day simple moving average is $224.74 and its 200 day simple moving average is $225.16. Fidelity MSCI Information Technology Index ETF has a twelve month low of $168.95 and a twelve month high of $268.45.
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.
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