HighTower Advisors LLC Sells 2,345 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

HighTower Advisors LLC decreased its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 6.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 31,465 shares of the company’s stock after selling 2,345 shares during the period. HighTower Advisors LLC owned about 0.05% of Fidelity MSCI Information Technology Index ETF worth $5,817,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $37,000. Promus Capital LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at $41,000. Mainstream Capital Management LLC bought a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth about $44,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter worth about $48,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 146.7% in the 4th quarter. Sound Income Strategies LLC now owns 264 shares of the company’s stock valued at $49,000 after acquiring an additional 157 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

FTEC opened at $165.99 on Wednesday. The business’s 50-day simple moving average is $181.32 and its 200 day simple moving average is $180.33. Fidelity MSCI Information Technology Index ETF has a 52-week low of $142.12 and a 52-week high of $193.06. The firm has a market capitalization of $11.72 billion, a PE ratio of 33.25 and a beta of 1.17.

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.