Fidelity MSCI Information Technology Index ETF $FTEC Stake Cut by Morningstar Investment Management LLC

Morningstar Investment Management LLC reduced its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 13.8% in the 4th quarter, Holdings Channel reports. The fund owned 95,145 shares of the company’s stock after selling 15,212 shares during the period. Fidelity MSCI Information Technology Index ETF makes up about 1.3% of Morningstar Investment Management LLC’s portfolio, making the stock its 13th biggest position. Morningstar Investment Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $21,376,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Instrumental Wealth LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 1.8% in the 3rd quarter. Instrumental Wealth LLC now owns 2,928 shares of the company’s stock worth $691,000 after acquiring an additional 52 shares in the last quarter. JSF Financial LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 0.9% in the 3rd quarter. JSF Financial LLC now owns 6,691 shares of the company’s stock worth $1,486,000 after acquiring an additional 58 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 2.2% in the 4th quarter. Wealthfront Advisers LLC now owns 2,874 shares of the company’s stock worth $646,000 after acquiring an additional 62 shares in the last quarter. Captrust Financial Advisors lifted its stake in Fidelity MSCI Information Technology Index ETF by 0.8% in the 2nd quarter. Captrust Financial Advisors now owns 7,813 shares of the company’s stock worth $1,541,000 after acquiring an additional 63 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 1.3% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 5,135 shares of the company’s stock worth $1,141,000 after acquiring an additional 65 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $276.35 on Monday. The stock has a 50-day moving average price of $236.27 and a 200 day moving average price of $228.15. The company has a market cap of $20.09 billion, a P/E ratio of 35.45 and a beta of 1.31. Fidelity MSCI Information Technology Index ETF has a 1 year low of $175.39 and a 1 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.