Kovitz Investment Group Partners LLC cut its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,334 shares of the company’s stock after selling 21,890 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $27,035,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in FTEC. Claris Financial LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter worth about $1,355,000. Jacobs Equity LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at about $2,794,000. Summit Global Investments acquired a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth about $302,000. Beacon Pointe Advisors LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 20.8% in the fourth quarter. Beacon Pointe Advisors LLC now owns 2,458 shares of the company’s stock worth $552,000 after acquiring an additional 424 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at approximately $3,235,000.
Fidelity MSCI Information Technology Index ETF Trading Up 2.6%
Shares of Fidelity MSCI Information Technology Index ETF stock opened at $286.54 on Friday. The firm has a market capitalization of $20.83 billion, a PE ratio of 35.45 and a beta of 1.34. The firm’s 50 day moving average is $263.60 and its 200 day moving average is $236.11. Fidelity MSCI Information Technology Index ETF has a 1 year low of $185.26 and a 1 year high of $300.79.
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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