Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) is Richard Bernstein Advisors LLC’s 5th Largest Position

Richard Bernstein Advisors LLC trimmed its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 2.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,562,379 shares of the company’s stock after selling 32,225 shares during the period. Fidelity MSCI Information Technology Index ETF accounts for about 6.5% of Richard Bernstein Advisors LLC’s portfolio, making the stock its 5th largest position. Richard Bernstein Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $288,853,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FTEC. Raymond James & Associates lifted its holdings in Fidelity MSCI Information Technology Index ETF by 40.5% in the 3rd quarter. Raymond James & Associates now owns 31,741 shares of the company’s stock worth $5,539,000 after purchasing an additional 9,150 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. raised its position in shares of Fidelity MSCI Information Technology Index ETF by 78.1% during the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 15,940 shares of the company’s stock valued at $2,782,000 after buying an additional 6,989 shares during the last quarter. Integrated Advisors Network LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 13.7% in the third quarter. Integrated Advisors Network LLC now owns 16,515 shares of the company’s stock worth $2,882,000 after buying an additional 1,991 shares in the last quarter. TNF LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 5.0% during the third quarter. TNF LLC now owns 2,929 shares of the company’s stock worth $522,000 after acquiring an additional 140 shares during the last quarter. Finally, Voisard Asset Management Group Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the third quarter worth $89,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC opened at $180.20 on Wednesday. The company has a market cap of $11.23 billion, a P/E 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 $193.06. The firm’s fifty day moving average is $186.94 and its two-hundred day moving average is $180.12.

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.