Palacios Wealth Management LLC Decreases Position in Fidelity MSCI Information Technology Index ETF $FTEC

Palacios Wealth Management LLC decreased its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 43.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,657 shares of the company’s stock after selling 2,762 shares during the period. Fidelity MSCI Information Technology Index ETF makes up 0.6% of Palacios Wealth Management LLC’s portfolio, making the stock its 29th biggest position. Palacios Wealth Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Life Planners purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth about $25,000. Bessemer Group Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth about $26,000. Wealth Watch Advisors INC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth about $30,000. Strategic Advocates LLC purchased a new position in Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $31,000. Finally, First Horizon Corp purchased a new position in Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $34,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC opened at $245.86 on Thursday. The company has a market capitalization of $17.82 billion, a P/E ratio of 35.45 and a beta of 1.26. Fidelity MSCI Information Technology Index ETF has a one year low of $153.87 and a one year high of $245.87. The stock has a 50-day moving average price of $219.00 and a 200 day moving average price of $223.53.

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.