Mirae Asset Global Investments Co. Ltd. Sells 20,680 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Mirae Asset Global Investments Co. Ltd. reduced its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 21.0% during the fourth quarter, HoldingsChannel reports. The fund owned 77,640 shares of the company’s stock after selling 20,680 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $14,498,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 46,646.4% during the third quarter. International Assets Investment Management LLC now owns 811,050 shares of the company’s stock valued at $1,415,280,000 after purchasing an additional 809,315 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth approximately $53,085,000. Eaton Financial Holdings Company LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at $12,347,000. Goldstone Financial Group LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at $7,664,000. Finally, Kestra Investment Management LLC boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 24.4% in the 3rd quarter. Kestra Investment Management LLC now owns 168,770 shares of the company’s stock worth $29,450,000 after buying an additional 33,071 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of FTEC opened at $186.44 on Friday. The firm has a market capitalization of $11.62 billion, a P/E ratio of 37.14 and a beta of 1.41. The business has a fifty day moving average of $187.24 and a 200 day moving average of $177.75. Fidelity MSCI Information Technology Index ETF has a one year low of $142.12 and a one year high of $193.06.

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.