Fidelity MSCI Information Technology Index ETF $FTEC Position Lowered by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC reduced its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 26.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,495 shares of the company’s stock after selling 3,400 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,110,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at approximately $26,000. AlphaCore Capital LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the second quarter worth $26,000. Heartwood Wealth Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the third quarter worth $32,000. First Horizon Corp acquired a new position in Fidelity MSCI Information Technology Index ETF in the third quarter worth $34,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF during the third quarter valued at $41,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA:FTEC opened at $217.95 on Friday. The company’s fifty day moving average is $225.10 and its two-hundred day moving average is $220.92. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.11 and a 1-year high of $240.25. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 35.45 and a beta of 1.24.

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.