Janney Montgomery Scott LLC reduced its holdings in the Fidelity MSCI Information Technology Index ETF (NYSEARCA: FTEC – FREE REPORT ) by 51.4% during the fourth quarter, according to its latest 13F filing with the Securities and Exchange Commission. The fund sold 12,821 shares during the quarter to hold 12,140 shares of the company. Janney Montgomery Scott LLC's holdings in the Fidelity MSCI Information Technology Index ETF were worth $1,744,000 as of the end of the latest reporting period.
Other institutional investors also modified their holdings in FTEC. International Assets Investment Management LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the fourth quarter, valued at approximately $33,181,000. Lido Advisors LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 9.3% in the third quarter. Lido Advisors LLC now owns 1,652,603 shares of the company's stock, valued at $203,154,000, after purchasing an additional 141,104 shares in the last quarter. SteelPeak Wealth LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the fourth quarter, valued at approximately $9,538,000. Crumly & Associates Inc. increased its holdings in Fidelity MSCI Information Technology Index ETF by 199.5% in the fourth quarter. Crumly & Associates Inc. now owns 72,790 shares of the company's stock worth $10,456,000 after purchasing an additional 48,485 shares in the last quarter. Finally, AGF Management Ltd. increased its holdings in Fidelity MSCI Information Technology Index ETF by 42.1% in the fourth quarter. AGF Management Ltd. now owns 148,174 shares of the company's stock worth $21,284,000 after purchasing an additional 43,917 shares in the last quarter.
Fidelity MSCI Information Technology Index ETF trades up 1.0%
NYSEARCA:FTEC shares opened at $162.19 on Monday. The company has a market capitalization of $10.1 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 12-month low of $118.39 and a 12-month high of $163.23. The company's 50-day simple moving average is $153.40 and its 200-day simple moving average is $148.10.
Fidelity MSCI Information Technology Index ETF Profile
(Free report)
Fidelity MSCI Information Technology Index ETF (FTEC) is an exchange-traded fund that invests primarily in information technology stocks. The fund tracks a market-cap weighted index of stocks in the broad U.S. information technology sector. FTEC was launched on October 21, 2013 and is managed by Fidelity.
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