Mirae Asset Global Investments Co. Ltd. reduced its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 64.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,200 shares of the company’s stock after selling 14,790 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,822,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. AlphaCore Capital LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the second quarter worth about $26,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at about $32,000. First Horizon Corp bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at approximately $34,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth approximately $41,000. Finally, Howe & Rusling Inc. purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth approximately $47,000.
Fidelity MSCI Information Technology Index ETF Trading Down 2.3%
NYSEARCA FTEC opened at $219.58 on Wednesday. Fidelity MSCI Information Technology Index ETF has a 12 month low of $134.11 and a 12 month high of $240.25. The stock has a market cap of $16.34 billion, a price-to-earnings ratio of 35.45 and a beta of 1.24. The company’s 50 day moving average is $226.12 and its two-hundred day moving average is $220.31.
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.
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