Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 6.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 31,465 shares of the company’s stock after selling 2,345 shares during the period. HighTower Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $5,817,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Truist Financial Corp grew its stake in Fidelity MSCI Information Technology Index ETF by 0.8% during the 4th quarter. Truist Financial Corp now owns 8,150 shares of the company’s stock worth $1,507,000 after buying an additional 68 shares during the last quarter. Accelerate Investment Advisors LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 7.6% during the fourth quarter. Accelerate Investment Advisors LLC now owns 1,333 shares of the company’s stock worth $247,000 after acquiring an additional 94 shares during the last quarter. Valley Brook Capital Group Inc. increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 4.6% during the fourth quarter. Valley Brook Capital Group Inc. now owns 2,173 shares of the company’s stock valued at $402,000 after acquiring an additional 95 shares in the last quarter. Financial Perspectives Inc raised its position in shares of Fidelity MSCI Information Technology Index ETF by 0.4% in the 4th quarter. Financial Perspectives Inc now owns 27,749 shares of the company’s stock valued at $5,130,000 after purchasing an additional 97 shares during the last quarter. Finally, Independent Wealth Network Inc. boosted its stake in Fidelity MSCI Information Technology Index ETF by 5.3% in the 4th quarter. Independent Wealth Network Inc. now owns 1,988 shares of the company’s stock worth $368,000 after purchasing an additional 100 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 1.5 %

NYSEARCA:FTEC opened at $165.99 on Wednesday. The company’s 50 day moving average is $181.32 and its two-hundred day moving average is $180.33. The company has a market cap of $11.72 billion, a PE ratio of 33.25 and a beta of 1.17. Fidelity MSCI Information Technology Index ETF has a twelve month low of $142.12 and a twelve month high of $193.06.

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.