Wealth Enhancement Advisory Services LLC decreased its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 10.1% in the first quarter, Holdings Channel.com reports. The firm owned 27,490 shares of the company’s stock after selling 3,091 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $4,433,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth approximately $26,000. Wood Tarver Financial Group LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth approximately $29,000. Bellwether Advisors LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth approximately $40,000. Promus Capital LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth approximately $41,000. Finally, McIlrath & Eck LLC boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 131.0% in the 4th quarter. McIlrath & Eck LLC now owns 231 shares of the company’s stock worth $43,000 after purchasing an additional 131 shares during the period.
Fidelity MSCI Information Technology Index ETF Stock Performance
Shares of Fidelity MSCI Information Technology Index ETF stock opened at $193.70 on Thursday. The stock has a 50 day moving average price of $176.42 and a 200-day moving average price of $177.06. Fidelity MSCI Information Technology Index ETF has a one year low of $134.11 and a one year high of $194.00. The stock has a market cap of $13.73 billion, a price-to-earnings ratio of 35.45 and a beta of 1.24.
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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Want to see what other hedge funds are holding FTEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report).
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