Secure Asset Management LLC Sells 2,765 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Secure Asset Management LLC lessened its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,819 shares of the company’s stock after selling 2,765 shares during the quarter. Secure Asset Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,555,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter valued at approximately $878,000. CWM LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 165.8% during the third quarter. CWM LLC now owns 2,278 shares of the company’s stock valued at $398,000 after buying an additional 1,421 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Fidelity MSCI Information Technology Index ETF by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 128,648 shares of the company’s stock worth $22,449,000 after acquiring an additional 6,629 shares in the last quarter. FMR LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 3.7% in the 3rd quarter. FMR LLC now owns 159,393 shares of the company’s stock worth $27,814,000 after acquiring an additional 5,739 shares during the last quarter. Finally, Signal Advisors Wealth LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 10.6% in the 4th quarter. Signal Advisors Wealth LLC now owns 1,600 shares of the company’s stock valued at $296,000 after acquiring an additional 153 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Up 0.1 %

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $192.30 on Friday. Fidelity MSCI Information Technology Index ETF has a 52 week low of $142.12 and a 52 week high of $192.96. The business has a 50 day moving average price of $186.82 and a 200-day moving average price of $177.16. The company has a market cap of $11.98 billion, a PE ratio of 37.14 and a beta of 1.41.

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.