Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Position Cut by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lessened its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 23,270 shares of the company’s stock after selling 344 shares during the period. Transcend Capital Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $4,302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Aptus Capital Advisors LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 67.3% during the third quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock valued at $29,000 after buying an additional 68 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter worth about $37,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $48,000. Sound Income Strategies LLC lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 146.7% in the fourth quarter. Sound Income Strategies LLC now owns 264 shares of the company’s stock worth $49,000 after buying an additional 157 shares during the last quarter. Finally, Harbor Investment Advisory LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth $69,000.

Fidelity MSCI Information Technology Index ETF Stock Down 0.4 %

FTEC opened at $190.72 on Friday. The stock’s 50 day moving average price is $187.23 and its two-hundred day moving average price is $179.36. The firm has a market capitalization of $11.88 billion, a P/E ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 12-month low of $142.12 and a 12-month high of $193.06.

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.