Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 87.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,870 shares of the company’s stock after selling 12,956 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $346,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its position in Fidelity MSCI Information Technology Index ETF by 40.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,969 shares of the company’s stock worth $919,000 after acquiring an additional 1,437 shares in the last quarter. Apollon Wealth Management LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth approximately $219,000. Silver Oak Securities Incorporated increased its holdings in Fidelity MSCI Information Technology Index ETF by 5.2% during the 4th quarter. Silver Oak Securities Incorporated now owns 4,365 shares of the company’s stock worth $815,000 after purchasing an additional 216 shares during the last quarter. Cerity Partners LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 81.1% during the 4th quarter. Cerity Partners LLC now owns 2,409 shares of the company’s stock worth $445,000 after purchasing an additional 1,079 shares during the last quarter. Finally, Whalerock Point Partners LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 0.9% during the 4th quarter. Whalerock Point Partners LLC now owns 10,298 shares of the company’s stock worth $1,904,000 after purchasing an additional 89 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Down 1.2%

FTEC stock opened at $177.07 on Tuesday. Fidelity MSCI Information Technology Index ETF has a 52-week low of $134.11 and a 52-week high of $193.06. The stock’s 50 day moving average is $163.85 and its two-hundred day moving average is $176.80. The company has a market capitalization of $12.58 billion, a PE ratio of 33.64 and a beta of 1.24.

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.