Exchange Capital Management Inc. Sells 3,416 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Exchange Capital Management Inc. lowered its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 8.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,775 shares of the company’s stock after selling 3,416 shares during the quarter. Fidelity MSCI Information Technology Index ETF accounts for about 1.1% of Exchange Capital Management Inc.’s holdings, making the stock its 24th largest position. Exchange Capital Management Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $6,984,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp raised its position in 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 worth $238,738,000 after purchasing an additional 7,974 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth $53,085,000. Kestra Investment Management LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 13.9% during the 4th quarter. Kestra Investment Management LLC now owns 192,219 shares of the company’s stock worth $35,538,000 after acquiring an additional 23,449 shares during the last quarter. FMR LLC raised its holdings in 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 valued at $27,814,000 after acquiring an additional 5,739 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Fidelity MSCI Information Technology Index ETF by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 128,648 shares of the company’s stock worth $22,449,000 after buying an additional 6,629 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC opened at $182.94 on Tuesday. The stock’s fifty day moving average is $186.94 and its 200 day moving average is $180.12. The stock has a market capitalization of $11.40 billion, a P/E ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 52 week low of $142.12 and a 52 week 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.