Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Sold by Stone House Investment Management LLC

Stone House Investment Management LLC cut its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 66.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 222 shares of the company’s stock after selling 434 shares during the period. Stone House Investment Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $32,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FTEC. Dynamic Advisor Solutions LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 1.5% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 5,574 shares of the company’s stock valued at $765,000 after buying an additional 84 shares in the last quarter. Belpointe Asset Management LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 1.5% during the first quarter. Belpointe Asset Management LLC now owns 6,600 shares of the company’s stock valued at $752,000 after buying an additional 97 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Fidelity MSCI Information Technology Index ETF by 1.3% during the third quarter. Mercer Global Advisors Inc. ADV now owns 7,606 shares of the company’s stock valued at $935,000 after buying an additional 98 shares in the last quarter. HB Wealth Management LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 4.7% during the fourth quarter. HB Wealth Management LLC now owns 2,238 shares of the company’s stock valued at $322,000 after buying an additional 101 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. lifted its position in Fidelity MSCI Information Technology Index ETF by 13.3% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 861 shares of the company’s stock valued at $124,000 after buying an additional 101 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC stock traded down $2.29 during midday trading on Wednesday, reaching $147.92. 236,274 shares of the company’s stock traded hands, compared to its average volume of 260,695. The company has a market capitalization of $9.18 billion, a P/E ratio of 38.28 and a beta of 1.36. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $108.86 and a fifty-two week high of $159.43. The business has a 50-day moving average price of $153.93 and a two-hundred day moving average price of $142.57.

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.