Meridian Wealth Management LLC Reduces Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Meridian Wealth Management LLC lowered its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 15.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,310 shares of the company’s stock after selling 3,009 shares during the quarter. Meridian Wealth Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $3,015,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Aptus Capital Advisors LLC boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 67.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock worth $29,000 after purchasing an additional 68 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at approximately $37,000. Newbridge Financial Services Group Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth approximately $48,000. Sound Income Strategies LLC grew its stake in Fidelity MSCI Information Technology Index ETF by 146.7% in the 4th quarter. Sound Income Strategies LLC now owns 264 shares of the company’s stock worth $49,000 after acquiring an additional 157 shares during the period. Finally, Harbor Investment Advisory LLC acquired a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at $69,000.

Fidelity MSCI Information Technology Index ETF Stock Down 3.2 %

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $172.23 on Tuesday. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $142.12 and a fifty-two week high of $193.06. The business’s fifty day moving average is $185.89 and its two-hundred day moving average is $180.60. The firm has a market cap of $12.54 billion, a PE ratio of 36.37 and a beta of 1.15.

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.