Cetera Investment Advisers Sells 13,139 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Cetera Investment Advisers trimmed its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 11.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 96,937 shares of the company’s stock after selling 13,139 shares during the quarter. Cetera Investment Advisers owned about 0.13% of Fidelity MSCI Information Technology Index ETF worth $20,168,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of FTEC. Wealth Watch Advisors INC bought a new stake in Fidelity MSCI Information Technology Index ETF during the third quarter valued at $30,000. Elyxium Wealth LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at about $37,000. SouthState Bank Corp bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $50,000. Strategic Advocates LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 76.4% during the 4th quarter. Strategic Advocates LLC now owns 247 shares of the company’s stock valued at $56,000 after purchasing an additional 107 shares in the last quarter. Finally, MidFirst Bank acquired a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth approximately $73,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC stock opened at $268.44 on Tuesday. The company has a market cap of $19.68 billion, a P/E ratio of 35.45 and a beta of 1.34. The stock has a 50 day simple moving average of $278.90 and a two-hundred day simple moving average of $245.61. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $198.17 and a fifty-two week high of $300.79.

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.