TBH Global Asset Management LLC Reduces Stock Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

TBH Global Asset Management LLC trimmed its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 12.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,665 shares of the company’s stock after selling 1,223 shares during the quarter. TBH Global Asset Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,602,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FTEC. Aptus Capital Advisors LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 67.3% during the third quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock worth $29,000 after acquiring an additional 68 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at $37,000. Newbridge Financial Services Group Inc. purchased a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at $48,000. Sound Income Strategies LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 146.7% in the fourth quarter. Sound Income Strategies LLC now owns 264 shares of the company’s stock worth $49,000 after buying an additional 157 shares during the last quarter. Finally, Harbor Investment Advisory LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at $69,000.

Fidelity MSCI Information Technology Index ETF Trading Down 0.1 %

Shares of FTEC opened at $191.41 on Thursday. The company’s fifty day simple moving average is $187.21 and its 200-day simple moving average is $179.28. The company has a market cap of $11.92 billion, a P/E ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a twelve month low of $142.12 and a twelve month high of $193.06.

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.