Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 3.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,192,573 shares of the company’s stock after selling 76,286 shares during the period. Charles Schwab Investment Management Inc. owned approximately 3.52% of Fidelity MSCI Information Technology Index ETF worth $405,363,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. CHURCHILL MANAGEMENT Corp boosted its holdings in Fidelity MSCI Information Technology Index ETF by 0.6% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,291,314 shares of the company’s stock worth $238,738,000 after buying an additional 7,974 shares in the last quarter. SteelPeak Wealth LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth $53,085,000. Kestra Investment Management LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF by 13.9% during the fourth quarter. Kestra Investment Management LLC now owns 192,219 shares of the company’s stock worth $35,538,000 after purchasing an additional 23,449 shares during the period. FMR LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 3.7% during the third 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 during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 128,648 shares of the company’s stock valued at $22,449,000 after purchasing an additional 6,629 shares during the period.

Fidelity MSCI Information Technology Index ETF Trading Up 1.5 %

Shares of FTEC opened at $174.49 on Thursday. The business’s 50-day moving average price is $185.15 and its 200 day moving average price is $180.57. The stock has a market capitalization of $12.70 billion, a P/E 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.

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.