HighTower Advisors LLC Has $16.24 Million Holdings in Fidelity MSCI Information Technology Index ETF $FTEC

HighTower Advisors LLC lessened its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 8.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,262 shares of the company’s stock after selling 6,910 shares during the period. HighTower Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $16,235,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of FTEC. Brighton Jones LLC boosted its position in Fidelity MSCI Information Technology Index ETF by 8.8% during the fourth quarter. Brighton Jones LLC now owns 18,113 shares of the company’s stock valued at $3,349,000 after acquiring an additional 1,458 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the 1st quarter worth about $2,532,000. Jane Street Group LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at about $3,833,000. Marshall Wace LLP acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at about $5,649,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at about $242,000.

Fidelity MSCI Information Technology Index ETF Price Performance

NYSEARCA FTEC opened at $276.35 on Monday. The stock has a market capitalization of $20.09 billion, a P/E ratio of 35.45 and a beta of 1.31. The business has a 50 day simple moving average of $236.27 and a 200 day simple moving average of $228.15. Fidelity MSCI Information Technology Index ETF has a one year low of $175.39 and a one year high of $278.03.

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.