ArborFi Advisors LLC Has $320,000 Holdings in Fidelity MSCI Information Technology Index ETF $FTEC

ArborFi Advisors LLC cut its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 83.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,424 shares of the company’s stock after selling 7,318 shares during the period. ArborFi Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $320,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. High Point Wealth Management LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $5,805,000. Advisors Capital Management LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 3.7% in the fourth quarter. Advisors Capital Management LLC now owns 2,547 shares of the company’s stock valued at $572,000 after acquiring an additional 90 shares during the last quarter. True Link Financial Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $446,000. TBH Global Asset Management LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 53.4% in the fourth quarter. TBH Global Asset Management LLC now owns 21,596 shares of the company’s stock valued at $4,852,000 after acquiring an additional 7,515 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. bought a new position in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $344,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA:FTEC opened at $248.58 on Friday. The company’s 50 day simple moving average is $220.11 and its 200 day simple moving average is $223.81. The stock has a market capitalization of $18.05 billion, a price-to-earnings ratio of 35.45 and a beta of 1.26. Fidelity MSCI Information Technology Index ETF has a 1 year low of $158.64 and a 1 year high of $248.82.

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.