Southern Capital Advisors LLC Sells 7,299 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Southern Capital Advisors LLC lowered its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 18.2% in the first quarter, Holdings Channel reports. The firm owned 32,796 shares of the company’s stock after selling 7,299 shares during the period. Fidelity MSCI Information Technology Index ETF accounts for 3.2% of Southern Capital Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Southern Capital Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $6,823,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FTEC. Founders Financial Alliance LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 2.0% during the fourth quarter. Founders Financial Alliance LLC now owns 2,487 shares of the company’s stock worth $559,000 after purchasing an additional 49 shares in the last quarter. Smithfield Trust Co grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2.1% in the 4th quarter. Smithfield Trust Co now owns 2,425 shares of the company’s stock valued at $544,000 after buying an additional 50 shares during the period. Main Street Financial Solutions LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 5.3% in the 4th quarter. Main Street Financial Solutions LLC now owns 1,087 shares of the company’s stock valued at $244,000 after buying an additional 55 shares during the period. Florida Financial Advisors LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 0.9% in the 4th quarter. Florida Financial Advisors LLC now owns 6,303 shares of the company’s stock valued at $1,417,000 after buying an additional 56 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its position in shares of 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 valued at $646,000 after buying an additional 62 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $286.54 on Monday. The stock’s fifty day simple moving average is $264.93 and its 200 day simple moving average is $236.55. The company has a market capitalization of $20.83 billion, a PE ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a 12 month low of $185.26 and a 12 month 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.