Kovitz Investment Group Partners LLC Sells 21,890 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Kovitz Investment Group Partners LLC trimmed its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 15.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,334 shares of the company’s stock after selling 21,890 shares during the period. Kovitz Investment Group Partners LLC owned 0.16% of Fidelity MSCI Information Technology Index ETF worth $27,035,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Life Planners acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at about $25,000. Wealth Watch Advisors INC bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth about $30,000. Strategic Advocates LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter valued at approximately $31,000. Elyxium Wealth LLC bought a new stake in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at about $37,000. Finally, SouthState Bank Corp acquired a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth $50,000.

Fidelity MSCI Information Technology Index ETF Trading Up 2.6%

NYSEARCA:FTEC opened at $286.54 on Friday. The firm has a 50 day moving average of $263.60 and a 200-day moving average of $236.11. The stock has a market capitalization of $20.83 billion, a P/E ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a 1 year low of $185.26 and a 1 year high of $300.79.

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.