Essex Financial Services Inc. Has $724,000 Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Essex Financial Services Inc. cut its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,914 shares of the company’s stock after selling 152 shares during the period. Essex Financial Services Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $724,000 at the end of the most recent quarter.

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

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA:FTEC opened at $186.46 on Thursday. 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 capitalization of $11.62 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. The company’s 50 day simple moving average is $187.27 and its 200 day simple moving average is $178.29.

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.