Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Stock Holdings Cut by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC reduced its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 65.8% in the first quarter, HoldingsChannel.com reports. The firm owned 61,392 shares of the company’s stock after selling 117,944 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $9,901,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FTEC. Ameriprise Financial Inc. boosted its stake in Fidelity MSCI Information Technology Index ETF by 242.7% during the 4th quarter. Ameriprise Financial Inc. now owns 216,721 shares of the company’s stock valued at $40,067,000 after purchasing an additional 153,479 shares in the last quarter. TBH Global Asset Management LLC boosted its stake in Fidelity MSCI Information Technology Index ETF by 1,753.6% during the 1st quarter. TBH Global Asset Management LLC now owns 160,615 shares of the company’s stock valued at $25,902,000 after purchasing an additional 151,950 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at $16,917,000. Independence Financial Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at $9,858,000. Finally, Lido Advisors LLC boosted its stake in Fidelity MSCI Information Technology Index ETF by 2.0% during the 4th quarter. Lido Advisors LLC now owns 1,951,041 shares of the company’s stock valued at $360,708,000 after purchasing an additional 37,440 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC opened at $208.15 on Friday. The stock has a fifty day moving average price of $199.17 and a two-hundred day moving average price of $180.97. The firm has a market cap of $14.92 billion, a P/E ratio of 35.45 and a beta of 1.16. Fidelity MSCI Information Technology Index ETF has a 1 year low of $134.11 and a 1 year high of $211.47.

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.