RWA Wealth Partners LLC Lowers Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

RWA Wealth Partners LLC trimmed its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,408 shares of the company’s stock after selling 681 shares during the period. RWA Wealth Partners LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $11,353,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SteelPeak Wealth LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at approximately $53,085,000. LPL Financial LLC boosted its holdings in 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 acquiring an additional 125,340 shares in the last quarter. Eaton Financial Holdings Company LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth $12,347,000. Raymond James Financial Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at $12,377,000. Finally, Goldstone Financial Group LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth about $7,664,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC stock opened at $161.51 on Friday. The company has a market capitalization of $11.40 billion, a price-to-earnings ratio of 33.25 and a beta of 1.17. Fidelity MSCI Information Technology Index ETF has a one year low of $142.12 and a one year high of $193.06. The company’s 50-day moving average is $178.66 and its 200 day moving average is $180.48.

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.