International Assets Investment Management LLC Lowers Stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

International Assets Investment Management LLC reduced its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 99.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,604 shares of the company’s stock after selling 809,446 shares during the quarter. International Assets Investment Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $297,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FTEC. LPL Financial LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 1.5% in the 2nd quarter. LPL Financial LLC now owns 278,685 shares of the company’s stock valued at $47,800,000 after buying an additional 4,017 shares in the last quarter. Madison Wealth Partners Inc purchased a new position in Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at about $250,000. WCG Wealth Advisors LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 11.8% in the 2nd quarter. WCG Wealth Advisors LLC now owns 20,554 shares of the company’s stock valued at $3,525,000 after buying an additional 2,163 shares in the last quarter. Brighton Jones LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 1.8% in the 2nd quarter. Brighton Jones LLC now owns 16,615 shares of the company’s stock valued at $2,850,000 after buying an additional 288 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Fidelity MSCI Information Technology Index ETF by 6.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 13,308 shares of the company’s stock valued at $2,283,000 after buying an additional 778 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 2.1 %

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $182.52 on Monday. The firm has a market capitalization of $11.37 billion, a PE ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a twelve month low of $140.68 and a twelve month high of $192.96. The firm’s 50-day moving average price is $186.31 and its 200 day moving average price is $176.54.

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.