Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Stock Position Lessened by Rise Advisors LLC

Rise Advisors LLC reduced its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 30.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,105 shares of the company’s stock after selling 931 shares during the quarter. Rise Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $389,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of FTEC. International Assets Investment Management LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 46,646.4% during the 3rd quarter. International Assets Investment Management LLC now owns 811,050 shares of the company’s stock valued at $1,415,280,000 after buying an additional 809,315 shares during the period. LPL Financial LLC raised its holdings in Fidelity MSCI Information Technology Index ETF by 1.5% during the second quarter. LPL Financial LLC now owns 278,685 shares of the company’s stock worth $47,800,000 after purchasing an additional 4,017 shares in the last quarter. AGF Management Ltd. lifted its position in Fidelity MSCI Information Technology Index ETF by 18.4% in the second quarter. AGF Management Ltd. now owns 263,567 shares of the company’s stock worth $45,207,000 after purchasing an additional 40,910 shares during the period. Kestra Investment Management LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 24.4% in the third quarter. Kestra Investment Management LLC now owns 168,770 shares of the company’s stock worth $29,450,000 after purchasing an additional 33,071 shares during the period. Finally, FMR LLC boosted its stake in Fidelity MSCI Information Technology Index ETF by 3.7% during the 3rd quarter. FMR LLC now owns 159,393 shares of the company’s stock valued at $27,814,000 after purchasing an additional 5,739 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of FTEC traded down $3.07 during midday trading on Tuesday, reaching $187.83. The stock had a trading volume of 236,259 shares, compared to its average volume of 315,785. The company has a market capitalization of $11.70 billion, a P/E ratio of 37.14 and a beta of 1.41. The firm’s 50 day moving average price is $185.63 and its 200-day moving average price is $176.12. Fidelity MSCI Information Technology Index ETF has a 52 week low of $137.79 and a 52 week high of $192.96.

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.