Fidelity MSCI Information Technology Index ETF $FTEC Stock: Sterling Investment Counsel LLC Lowers Stake

Sterling Investment Counsel LLC reduced its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 9.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,245 shares of the company’s stock after selling 3,296 shares during the period. Fidelity MSCI Information Technology Index ETF comprises approximately 2.2% of Sterling Investment Counsel LLC’s holdings, making the stock its 11th largest holding. Sterling Investment Counsel LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $9,676,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Lido Advisors LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 3.6% in the first quarter. Lido Advisors LLC now owns 2,175,818 shares of the company’s stock worth $452,679,000 after purchasing an additional 75,631 shares during the period. Independence Financial Advisors LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 6.6% during the third quarter. Independence Financial Advisors LLC now owns 150,522 shares of the company’s stock valued at $45,166,000 after purchasing an additional 9,259 shares during the last quarter. Kestra Advisory Services LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 6.1% during the first quarter. Kestra Advisory Services LLC now owns 183,454 shares of the company’s stock valued at $38,168,000 after purchasing an additional 10,516 shares during the last quarter. SteelPeak Wealth LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 2,389.5% during the third quarter. SteelPeak Wealth LLC now owns 85,540 shares of the company’s stock valued at $25,667,000 after purchasing an additional 82,104 shares during the last quarter. Finally, Morningstar Investment Management LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 24.0% during the first quarter. Morningstar Investment Management LLC now owns 117,953 shares of the company’s stock worth $24,540,000 after purchasing an additional 22,808 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Up 1.4%

Shares of NYSEARCA:FTEC traded up $3.84 on Monday, reaching $287.30. 374,257 shares of the company’s stock were exchanged, compared to its average volume of 364,224. The business’s 50-day moving average is $292.36 and its two-hundred day moving average is $274.82. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $198.17 and a fifty-two week high of $311.83. The firm has a market capitalization of $21.32 billion, a price-to-earnings ratio of 35.45 and a beta of 1.34.

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.