Modern Wealth Management LLC Reduces Stock Position in Fidelity MSCI Information Technology Index ETF $FTEC

Modern Wealth Management LLC cut its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 59.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,333 shares of the company’s stock after selling 16,875 shares during the period. Modern Wealth Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,518,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 8.8% in the 4th quarter. Brighton Jones LLC now owns 18,113 shares of the company’s stock worth $3,349,000 after buying an additional 1,458 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at approximately $2,532,000. Jane Street Group LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at $3,833,000. AE Wealth Management LLC boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 7.2% in the 2nd quarter. AE Wealth Management LLC now owns 3,313 shares of the company’s stock valued at $653,000 after acquiring an additional 222 shares during the last quarter. Finally, Summit X LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 0.8% in the second quarter. Summit X LLC now owns 10,526 shares of the company’s stock worth $2,076,000 after acquiring an additional 81 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $214.29 on Monday. The firm has a fifty day moving average price of $222.68 and a 200 day moving average price of $222.41. Fidelity MSCI Information Technology Index ETF has a 1 year low of $134.11 and a 1 year high of $240.25. The stock has a market cap of $15.64 billion, a PE ratio of 35.45 and a beta of 1.24.

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.