Fidelity MSCI Information Technology Index ETF $FTEC Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC trimmed its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 59.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,333 shares of the company’s stock after selling 16,875 shares during the period. Modern Wealth Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,518,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. AlphaCore Capital LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth approximately $26,000. Bessemer Group Inc. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $26,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at approximately $32,000. First Horizon Corp purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at approximately $34,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at $41,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC opened at $214.29 on Monday. The company’s fifty day moving average price is $222.68 and its 200 day moving average price is $222.41. Fidelity MSCI Information Technology Index ETF has a 1 year low of $134.11 and a 1 year high of $240.25. The company has a market capitalization of $15.64 billion, a PE ratio of 35.45 and a beta of 1.24.

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.