Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) is Richard Bernstein Advisors LLC’s 5th Largest Position

Richard Bernstein Advisors LLC reduced its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,562,379 shares of the company’s stock after selling 32,225 shares during the period. Fidelity MSCI Information Technology Index ETF makes up about 6.5% of Richard Bernstein Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Richard Bernstein Advisors LLC owned approximately 2.51% of Fidelity MSCI Information Technology Index ETF worth $288,853,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Aptus Capital Advisors LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 67.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock valued at $29,000 after purchasing an additional 68 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth $37,000. Newbridge Financial Services Group Inc. bought a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth $48,000. Sound Income Strategies LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 146.7% during the fourth quarter. Sound Income Strategies LLC now owns 264 shares of the company’s stock valued at $49,000 after purchasing an additional 157 shares in the last quarter. Finally, Harbor Investment Advisory LLC bought a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at about $69,000.

Fidelity MSCI Information Technology Index ETF Stock Down 1.5 %

Shares of FTEC opened at $180.20 on Wednesday. The business has a 50-day simple moving average of $186.94 and a two-hundred day simple moving average of $180.12. Fidelity MSCI Information Technology Index ETF has a 52 week low of $142.12 and a 52 week high of $193.06. The stock has a market cap of $11.23 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41.

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.