Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Stock Position Decreased by Belpointe Asset Management LLC

Belpointe Asset Management LLC trimmed its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,682 shares of the company’s stock after selling 205 shares during the period. Belpointe Asset Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $969,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 0.6% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,291,314 shares of the company’s stock valued at $238,738,000 after purchasing an additional 7,974 shares during the period. AGF Management Ltd. lifted its stake in Fidelity MSCI Information Technology Index ETF by 2.9% during the fourth quarter. AGF Management Ltd. now owns 591,343 shares of the company’s stock valued at $109,327,000 after buying an additional 16,514 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 47.6% in the fourth quarter. LPL Financial LLC now owns 388,608 shares of the company’s stock worth $71,846,000 after buying an additional 125,340 shares during the period. SteelPeak Wealth LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth approximately $53,085,000. Finally, Kestra Investment Management LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 13.9% during the fourth quarter. Kestra Investment Management LLC now owns 192,219 shares of the company’s stock valued at $35,538,000 after acquiring an additional 23,449 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA:FTEC opened at $156.42 on Wednesday. Fidelity MSCI Information Technology Index ETF has a 52 week low of $134.11 and a 52 week high of $193.06. The company has a market cap of $11.04 billion, a PE ratio of 32.28 and a beta of 1.23. The firm has a 50 day simple moving average of $169.41 and a 200 day simple moving average of $178.69.

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.