SteelPeak Wealth LLC cut its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 96.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,894 shares of the company’s stock after selling 68,970 shares during the period. SteelPeak Wealth LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $643,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of FTEC. AlphaCore Capital LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the second quarter worth about $26,000. Heartwood Wealth Advisors LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the third quarter valued at approximately $32,000. Howe & Rusling Inc. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth approximately $47,000. Legacy Wealth Managment LLC ID acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter worth approximately $49,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 20.8% in the 2nd quarter. Sound Income Strategies LLC now owns 319 shares of the company’s stock worth $63,000 after purchasing an additional 55 shares during the last quarter.
Fidelity MSCI Information Technology Index ETF Price Performance
Shares of FTEC opened at $225.48 on Friday. 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 fifty day moving average price of $226.87 and a 200 day moving average price of $215.67. The company has a market cap of $16.57 billion, a P/E ratio of 35.45 and a beta of 1.24.
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.
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