Brookstone Capital Management Has $4.17 Million Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Brookstone Capital Management reduced its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Get Rating) by 12.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,985 shares of the company’s stock after selling 6,048 shares during the period. Brookstone Capital Management owned about 0.08% of Fidelity MSCI Information Technology Index ETF worth $4,166,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Lynch & Associates IN lifted its holdings in Fidelity MSCI Information Technology Index ETF by 6.8% during the 4th quarter. Lynch & Associates IN now owns 17,326 shares of the company’s stock valued at $1,637,000 after purchasing an additional 1,108 shares during the last quarter. Atlas Brown Inc. lifted its holdings in Fidelity MSCI Information Technology Index ETF by 0.9% during the 4th quarter. Atlas Brown Inc. now owns 12,885 shares of the company’s stock valued at $1,218,000 after purchasing an additional 118 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in Fidelity MSCI Information Technology Index ETF by 1.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 14,338 shares of the company’s stock valued at $1,304,000 after purchasing an additional 190 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Fidelity MSCI Information Technology Index ETF by 19.4% during the 3rd quarter. Captrust Financial Advisors now owns 7,829 shares of the company’s stock valued at $712,000 after purchasing an additional 1,272 shares during the last quarter. Finally, Almanack Investment Partners LLC. lifted its holdings in Fidelity MSCI Information Technology Index ETF by 87.4% during the 3rd quarter. Almanack Investment Partners LLC. now owns 8,540 shares of the company’s stock valued at $777,000 after purchasing an additional 3,983 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Down 0.3 %

Shares of FTEC stock opened at $107.96 on Friday. Fidelity MSCI Information Technology Index ETF has a 12-month low of $86.19 and a 12-month high of $127.02. The company has a market capitalization of $5.67 billion, a P/E ratio of 22.84 and a beta of 1.14. The firm has a 50-day moving average price of $104.28 and a 200 day moving average price of $99.55.

About Fidelity MSCI Information Technology Index ETF

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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.