Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Stake Lowered by First Horizon Advisors Inc.

First Horizon Advisors Inc. cut its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 29.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200 shares of the company’s stock after selling 84 shares during the quarter. First Horizon Advisors Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $37,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FTEC. Aptus Capital Advisors LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 67.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock worth $29,000 after buying an additional 68 shares in the last quarter. Fifth Third Bancorp acquired a new stake in Fidelity MSCI Information Technology Index ETF in the fourth quarter worth approximately $37,000. Newbridge Financial Services Group Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF in the fourth quarter worth approximately $48,000. Sound Income Strategies LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 146.7% in the fourth quarter. Sound Income Strategies LLC now owns 264 shares of the company’s stock worth $49,000 after purchasing an additional 157 shares during the period. Finally, Harbor Investment Advisory LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF in the fourth quarter worth approximately $69,000.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC opened at $175.06 on Friday. The company has a market capitalization of $12.74 billion, a price-to-earnings ratio of 36.37 and a beta of 1.15. Fidelity MSCI Information Technology Index ETF has a 1-year low of $142.12 and a 1-year high of $193.06. The business has a 50 day moving average price of $186.64 and a two-hundred day moving average price of $180.28.

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.