Sanctuary Advisors LLC Cuts Position in Fidelity MSCI Information Technology Index ETF $FTEC

Sanctuary Advisors LLC decreased its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 46.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,606 shares of the company’s stock after selling 14,659 shares during the quarter. Sanctuary Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $3,455,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in FTEC. Northwestern Mutual Wealth Management Co. grew its holdings in Fidelity MSCI Information Technology Index ETF by 129.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 700,423 shares of the company’s stock worth $157,364,000 after acquiring an additional 394,739 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 14.1% in the 4th quarter. LPL Financial LLC now owns 694,702 shares of the company’s stock valued at $156,079,000 after purchasing an additional 85,840 shares in the last quarter. Morgan Stanley lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 6.7% during the 4th quarter. Morgan Stanley now owns 365,438 shares of the company’s stock worth $82,103,000 after purchasing an additional 22,833 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 1.5% during the 4th quarter. Osaic Holdings Inc. now owns 299,564 shares of the company’s stock worth $67,358,000 after purchasing an additional 4,486 shares during the last quarter. Finally, Kestra Investment Management LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 5.9% during the fourth quarter. Kestra Investment Management LLC now owns 278,876 shares of the company’s stock worth $62,655,000 after purchasing an additional 15,626 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC stock opened at $270.13 on Monday. The company has a market cap of $19.83 billion, a P/E ratio of 35.45 and a beta of 1.34. The firm has a fifty day moving average price of $278.65 and a 200 day moving average price of $243.64. Fidelity MSCI Information Technology Index ETF has a 12 month low of $198.17 and a 12 month 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.