CacheTech Inc. Sells 4,556 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

CacheTech Inc. reduced its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 13.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 29,907 shares of the company’s stock after selling 4,556 shares during the period. Fidelity MSCI Information Technology Index ETF makes up approximately 1.2% of CacheTech Inc.’s holdings, making the stock its 27th biggest holding. CacheTech Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $6,222,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. TABR Capital Management LLC bought a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at $1,710,000. SteelPeak Wealth LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 3,622.3% during the 4th quarter. SteelPeak Wealth LLC now owns 107,724 shares of the company’s stock worth $24,202,000 after purchasing an additional 104,830 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Fidelity MSCI Information Technology Index ETF by 2.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 313,356 shares of the company’s stock worth $70,402,000 after purchasing an additional 7,672 shares in the last quarter. Kraft Davis & Associates LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 35.0% in the 4th quarter. Kraft Davis & Associates LLC now owns 81,384 shares of the company’s stock valued at $18,547,000 after purchasing an additional 21,099 shares during the period. Finally, Capital Investment Advisors LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at about $778,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $277.01 on Wednesday. The firm has a market cap of $20.33 billion, a price-to-earnings ratio of 35.45 and a beta of 1.34. The stock’s 50-day moving average is $278.81 and its 200-day moving average is $244.31. Fidelity MSCI Information Technology Index ETF has a one year low of $198.17 and a one year 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.