Freedom Investment Management Inc. Cuts Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Freedom Investment Management Inc. cut its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 12.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,683 shares of the company’s stock after selling 8,161 shares during the quarter. Fidelity MSCI Information Technology Index ETF makes up approximately 0.8% of Freedom Investment Management Inc.’s portfolio, making the stock its 22nd biggest position. Freedom Investment Management Inc. owned 0.10% of Fidelity MSCI Information Technology Index ETF worth $10,415,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Aptus Capital Advisors LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 67.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock valued at $29,000 after purchasing an additional 68 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in Fidelity MSCI Information Technology Index ETF in the second quarter valued at $32,000. Lynx Investment Advisory acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth about $37,000. Voisard Asset Management Group Inc. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at about $89,000. Finally, McClarren Financial Advisors Inc. raised its position in shares of Fidelity MSCI Information Technology Index ETF by 851.9% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 514 shares of the company’s stock worth $88,000 after acquiring an additional 460 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Up 0.3 %

Shares of FTEC opened at $185.51 on Wednesday. Fidelity MSCI Information Technology Index ETF has a 52-week low of $135.17 and a 52-week high of $186.69. The stock has a 50 day moving average price of $178.14 and a 200 day moving average price of $171.07. The company has a market capitalization of $11.56 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.