NorthLanding Financial Partners LLC Lowers Stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

NorthLanding Financial Partners LLC decreased its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,086 shares of the company’s stock after selling 269 shares during the period. Fidelity MSCI Information Technology Index ETF accounts for 1.3% of NorthLanding Financial Partners LLC’s portfolio, making the stock its 15th largest position. NorthLanding Financial Partners LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,310,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth about $32,000. Marshall Wace LLP bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the second quarter worth approximately $456,000. Sfmg LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter valued at approximately $266,000. Copperwynd Financial LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter valued at approximately $230,000. Finally, Creative Planning raised its holdings in Fidelity MSCI Information Technology Index ETF by 43.6% in the 2nd quarter. Creative Planning now owns 27,849 shares of the company’s stock worth $4,777,000 after acquiring an additional 8,450 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

FTEC opened at $188.17 on Wednesday. The company’s 50-day simple moving average is $186.61 and its two-hundred day simple moving average is $176.98. The stock has a market capitalization of $11.72 billion, a P/E ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 52-week low of $142.12 and a 52-week high of $192.96.

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.