Brookstone Capital Management Sells 21,702 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Brookstone Capital Management reduced its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 71.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,644 shares of the company’s stock after selling 21,702 shares during the period. Brookstone Capital Management’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,598,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FTEC. WCG Wealth Advisors LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 11.8% in the second quarter. WCG Wealth Advisors LLC now owns 20,554 shares of the company’s stock worth $3,525,000 after acquiring an additional 2,163 shares during the last quarter. Brighton Jones LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 1.8% in the second quarter. Brighton Jones LLC now owns 16,615 shares of the company’s stock worth $2,850,000 after acquiring an additional 288 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 6.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 13,308 shares of the company’s stock worth $2,283,000 after acquiring an additional 778 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the second quarter worth about $32,000. Finally, Marshall Wace LLP bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the second quarter worth about $456,000.

Fidelity MSCI Information Technology Index ETF Trading Up 2.1 %

Shares of NYSEARCA FTEC opened at $185.32 on Thursday. Fidelity MSCI Information Technology Index ETF has a 1-year low of $140.72 and a 1-year high of $192.96. The company has a market cap of $11.55 billion, a PE ratio of 37.14 and a beta of 1.41. The company has a 50-day moving average of $186.60 and a two-hundred day moving average of $176.74.

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.