Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Sold by Forte Asset Management LLC

Forte Asset Management LLC lowered its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,540 shares of the company’s stock after selling 505 shares during the period. Forte Asset Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,024,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FTEC. Sanctuary Advisors LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth about $878,000. CWM LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF by 165.8% during the 3rd quarter. CWM LLC now owns 2,278 shares of the company’s stock worth $398,000 after purchasing an additional 1,421 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Fidelity MSCI Information Technology Index ETF by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 128,648 shares of the company’s stock valued at $22,449,000 after acquiring an additional 6,629 shares in the last quarter. FMR LLC grew its stake in Fidelity MSCI Information Technology Index ETF by 3.7% during the 3rd quarter. FMR LLC now owns 159,393 shares of the company’s stock valued at $27,814,000 after acquiring an additional 5,739 shares in the last quarter. Finally, Signal Advisors Wealth LLC grew its stake in Fidelity MSCI Information Technology Index ETF by 10.6% during the 4th quarter. Signal Advisors Wealth LLC now owns 1,600 shares of the company’s stock valued at $296,000 after acquiring an additional 153 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 5.2 %

Shares of NYSEARCA FTEC opened at $180.52 on Tuesday. Fidelity MSCI Information Technology Index ETF has a 12-month low of $142.12 and a 12-month high of $193.06. The stock has a market cap of $11.25 billion, a PE ratio of 37.14 and a beta of 1.41. The company has a 50-day moving average of $187.21 and a 200 day moving average of $177.32.

About Fidelity MSCI Information Technology Index ETF

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.