Forte Asset Management LLC Reduces Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Forte Asset Management LLC lessened its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 8.4% in the 4th quarter, Holdings Channel reports. The fund owned 5,540 shares of the company’s stock after selling 505 shares during the quarter. Forte Asset Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,024,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 46,646.4% in the 3rd quarter. International Assets Investment Management LLC now owns 811,050 shares of the company’s stock valued at $1,415,280,000 after buying an additional 809,315 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at approximately $23,275,000. Eaton Financial Holdings Company LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at approximately $12,347,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 93.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,320 shares of the company’s stock valued at $17,096,000 after buying an additional 47,500 shares during the period. Finally, Goldstone Financial Group LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at approximately $7,664,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Fidelity MSCI Information Technology Index ETF stock opened at $180.52 on Tuesday. The firm has a 50 day simple moving average of $187.21 and a 200-day simple moving average of $177.32. Fidelity MSCI Information Technology Index ETF has a 1-year low of $142.12 and a 1-year high of $193.06. The stock has a market cap of $11.25 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41.

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.