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

Forte Asset Management LLC lowered its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,060 shares of the company’s stock after selling 319 shares during the period. Forte Asset Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,014,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Fidelity MSCI Information Technology Index ETF by 604.7% during the 1st quarter. JPMorgan Chase & Co. now owns 9,056 shares of the company’s stock valued at $1,115,000 after purchasing an additional 7,771 shares in the last quarter. Bank of Montreal Can grew its holdings in Fidelity MSCI Information Technology Index ETF by 91.3% during the 1st quarter. Bank of Montreal Can now owns 1,886 shares of the company’s stock valued at $236,000 after purchasing an additional 900 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at $316,000. Prudential Financial Inc. grew its holdings in Fidelity MSCI Information Technology Index ETF by 3.0% during the 1st quarter. Prudential Financial Inc. now owns 90,591 shares of the company’s stock valued at $11,150,000 after purchasing an additional 2,653 shares in the last quarter. Finally, Beaumont Capital Management LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 3,651.8% during the 1st quarter. Beaumont Capital Management LLC now owns 56,878 shares of the company’s stock valued at $7,001,000 after purchasing an additional 55,362 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC traded down $1.93 during trading hours on Friday, reaching $144.54. 133,572 shares of the stock traded hands, compared to its average volume of 258,506. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $108.86 and a fifty-two week high of $159.43. The company has a market cap of $8.97 billion, a price-to-earnings ratio of 38.28 and a beta of 1.36. The firm’s fifty day simple moving average is $153.73 and its two-hundred day simple moving average is $142.63.

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.