Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Stake Decreased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lessened its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 13.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 147,041 shares of the company’s stock after selling 22,371 shares during the period. Kovitz Investment Group Partners LLC owned 0.24% of Fidelity MSCI Information Technology Index ETF worth $25,597,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FTEC. QRG Capital Management Inc. bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter valued at approximately $217,000. Fifth Third Securities Inc. raised its holdings in Fidelity MSCI Information Technology Index ETF by 3.7% during the second quarter. Fifth Third Securities Inc. now owns 2,158 shares of the company’s stock worth $370,000 after purchasing an additional 76 shares in the last quarter. Cooper Financial Group raised its holdings in Fidelity MSCI Information Technology Index ETF by 2.2% during the second quarter. Cooper Financial Group now owns 11,689 shares of the company’s stock worth $2,005,000 after purchasing an additional 251 shares in the last quarter. JBR Co Financial Management Inc raised its holdings in Fidelity MSCI Information Technology Index ETF by 25.1% during the second quarter. JBR Co Financial Management Inc now owns 4,823 shares of the company’s stock worth $827,000 after purchasing an additional 968 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Fidelity MSCI Information Technology Index ETF by 39.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 24,295 shares of the company’s stock worth $4,167,000 after purchasing an additional 6,913 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA:FTEC opened at $190.76 on Friday. Fidelity MSCI Information Technology Index ETF has a 12 month low of $136.15 and a 12 month high of $191.78. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. The stock’s 50 day moving average price is $180.25 and its 200 day moving average price is $172.33.

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.