Financial Partners Group Inc Sells 2,980 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Financial Partners Group Inc lessened its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 105,465 shares of the company’s stock after selling 2,980 shares during the quarter. Fidelity MSCI Information Technology Index ETF makes up approximately 2.7% of Financial Partners Group Inc’s holdings, making the stock its 10th biggest holding. Financial Partners Group Inc owned about 0.14% of Fidelity MSCI Information Technology Index ETF worth $23,514,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Financial Life Planners acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at about $25,000. Bessemer Group Inc. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at about $26,000. Wealth Watch Advisors INC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at about $30,000. Strategic Advocates LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at about $31,000. Finally, First Horizon Corp bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at about $34,000.

Fidelity MSCI Information Technology Index ETF Stock Up 2.7%

Shares of NYSEARCA:FTEC opened at $268.37 on Friday. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $168.95 and a fifty-two week high of $268.45. The firm has a 50-day simple moving average of $224.74 and a 200 day simple moving average of $225.16. The company has a market cap of $19.51 billion, a PE ratio of 35.45 and a beta of 1.31.

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.