Charles Schwab Investment Management Inc. Has $405.36 Million Stock Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Charles Schwab Investment Management Inc. lowered its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,192,573 shares of the company’s stock after selling 76,286 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $405,363,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FTEC. Aptus Capital Advisors LLC raised its position in Fidelity MSCI Information Technology Index ETF by 67.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock valued at $29,000 after purchasing an additional 68 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at $37,000. Newbridge Financial Services Group Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at about $48,000. Sound Income Strategies LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 146.7% during the 4th quarter. Sound Income Strategies LLC now owns 264 shares of the company’s stock worth $49,000 after buying an additional 157 shares in the last quarter. Finally, Harbor Investment Advisory LLC bought a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth about $69,000.

Fidelity MSCI Information Technology Index ETF Trading Up 1.5 %

FTEC opened at $174.49 on Thursday. Fidelity MSCI Information Technology Index ETF has a 1-year low of $142.12 and a 1-year high of $193.06. The stock has a market capitalization of $12.70 billion, a PE ratio of 36.37 and a beta of 1.15. The firm has a 50-day moving average price of $185.15 and a two-hundred day moving average price of $180.57.

Fidelity MSCI Information Technology Index ETF 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.