Interchange Capital Partners LLC Cuts Stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Interchange Capital Partners LLC lessened its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 25.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,167 shares of the company’s stock after selling 1,770 shares during the quarter. Interchange Capital Partners LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $955,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Truist Financial Corp increased its holdings in Fidelity MSCI Information Technology Index ETF by 0.8% in the 4th quarter. Truist Financial Corp now owns 8,150 shares of the company’s stock worth $1,507,000 after buying an additional 68 shares in the last quarter. Accelerate Investment Advisors LLC raised its stake in Fidelity MSCI Information Technology Index ETF by 7.6% during the 4th quarter. Accelerate Investment Advisors LLC now owns 1,333 shares of the company’s stock valued at $247,000 after purchasing an additional 94 shares during the period. Valley Brook Capital Group Inc. increased its stake in Fidelity MSCI Information Technology Index ETF by 4.6% in the 4th quarter. Valley Brook Capital Group Inc. now owns 2,173 shares of the company’s stock worth $402,000 after acquiring an additional 95 shares during the last quarter. Financial Perspectives Inc increased its position in shares of Fidelity MSCI Information Technology Index ETF by 0.4% during the 4th quarter. Financial Perspectives Inc now owns 27,749 shares of the company’s stock valued at $5,130,000 after purchasing an additional 97 shares during the last quarter. Finally, Independent Wealth Network Inc. boosted its holdings in Fidelity MSCI Information Technology Index ETF by 5.3% during the 4th quarter. Independent Wealth Network Inc. now owns 1,988 shares of the company’s stock valued at $368,000 after acquiring an additional 100 shares during the period.

Fidelity MSCI Information Technology Index ETF Trading Up 0.2 %

Shares of FTEC stock opened at $167.70 on Monday. Fidelity MSCI Information Technology Index ETF has a twelve month low of $142.12 and a twelve month high of $193.06. The stock has a market capitalization of $11.84 billion, a price-to-earnings ratio of 33.25 and a beta of 1.17. The stock has a fifty day simple moving average of $180.28 and a two-hundred day simple moving average of $180.38.

Fidelity MSCI Information Technology Index ETF Company 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.