Smith Salley Wealth Management Lowers Stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Smith Salley Wealth Management lowered its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 44,767 shares of the company’s stock after selling 1,876 shares during the period. Smith Salley Wealth Management’s holdings in Fidelity MSCI Information Technology Index ETF were worth $8,277,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Aptus Capital Advisors LLC lifted its stake in 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 worth $29,000 after purchasing an additional 68 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the second quarter worth approximately $32,000. Voisard Asset Management Group Inc. acquired a new position in Fidelity MSCI Information Technology Index ETF during the third quarter worth $89,000. FSA Wealth Management LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at $90,000. Finally, Assetmark Inc. increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 158.6% in the 3rd quarter. Assetmark Inc. now owns 613 shares of the company’s stock worth $107,000 after acquiring an additional 376 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Up 1.5 %

NYSEARCA FTEC opened at $186.76 on Friday. The business’s fifty day simple moving average is $186.58 and its 200-day simple moving average is $176.90. The firm has a market cap of $11.64 billion, a PE ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 52 week low of $142.12 and a 52 week high of $192.96.

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.