Birchcreek Wealth Management LLC Reduces Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Birchcreek Wealth Management LLC reduced its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 17.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,019 shares of the company’s stock after selling 1,294 shares during the period. Birchcreek Wealth Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $865,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC increased its position in Fidelity MSCI Information Technology Index ETF by 193.8% during the fourth quarter. Larson Financial Group LLC now owns 188 shares of the company’s stock worth $27,000 after buying an additional 124 shares during the period. NBC Securities Inc. acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at $29,000. Provence Wealth Management Group purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at $37,000. Key Financial Inc acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth $38,000. Finally, SYM FINANCIAL Corp purchased a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth $53,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA:FTEC traded up $0.71 on Monday, reaching $150.59. The company’s stock had a trading volume of 217,188 shares, compared to its average volume of 255,485. Fidelity MSCI Information Technology Index ETF has a 52-week low of $110.80 and a 52-week high of $159.43. The stock has a market capitalization of $9.34 billion, a P/E ratio of 38.28 and a beta of 1.36. The stock’s 50-day moving average is $152.96 and its two-hundred day moving average is $143.79.

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.