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

Valeo Financial Advisors LLC lowered its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,105 shares of the company’s stock after selling 146 shares during the period. Valeo Financial Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Citigroup Inc. lifted its position in Fidelity MSCI Information Technology Index ETF by 20,300.0% in the second quarter. Citigroup Inc. now owns 204 shares of the company’s stock valued at $27,000 after buying an additional 203 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth approximately $29,000. Tyler Stone Wealth Management purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth approximately $34,000. Steward Partners Investment Advisory LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 1,452.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 295 shares of the company’s stock valued at $34,000 after purchasing an additional 276 shares during the last quarter. Finally, Provence Wealth Management Group purchased a new stake in Fidelity MSCI Information Technology Index ETF in the third quarter valued at approximately $37,000.

Fidelity MSCI Information Technology Index ETF Stock Down 1.8 %

NYSEARCA:FTEC opened at $153.09 on Monday. Fidelity MSCI Information Technology Index ETF has a 52 week low of $108.86 and a 52 week high of $159.43. The stock’s fifty day moving average is $153.93 and its two-hundred day moving average is $142.04. The stock has a market capitalization of $8.53 billion, a price-to-earnings ratio of 22.84 and a beta of 1.16.

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.