SteelPeak Wealth LLC lessened its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 96.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 3,485 shares of the company’s stock after selling 104,239 shares during the quarter. SteelPeak Wealth LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $725,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Watch Advisors INC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter valued at approximately $30,000. Elyxium Wealth LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter worth approximately $37,000. SouthState Bank Corp acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter worth approximately $50,000. Strategic Advocates LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 76.4% during the 4th quarter. Strategic Advocates LLC now owns 247 shares of the company’s stock worth $56,000 after acquiring an additional 107 shares during the last quarter. Finally, MidFirst Bank bought a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at $73,000.
Fidelity MSCI Information Technology Index ETF Trading Down 1.0%
FTEC opened at $270.13 on Friday. The stock’s fifty day simple moving average is $278.65 and its 200 day simple moving average is $243.53. Fidelity MSCI Information Technology Index ETF has a 1-year low of $198.17 and a 1-year high of $300.79. The stock has a market cap of $19.83 billion, a PE ratio of 35.45 and a beta of 1.34.
Fidelity MSCI Information Technology Index ETF 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.
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