Fidelity MSCI Information Technology Index ETF $FTEC Stake Decreased by TBH Global Asset Management LLC

TBH Global Asset Management LLC cut its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 81.9% during the 3rd quarter, Holdings Channel reports. The firm owned 14,081 shares of the company’s stock after selling 63,792 shares during the period. TBH Global Asset Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $3,128,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWM LLC raised its stake in Fidelity MSCI Information Technology Index ETF by 36.8% during the 2nd quarter. CWM LLC now owns 6,392 shares of the company’s stock valued at $1,261,000 after purchasing an additional 1,719 shares during the period. Armor Investment Advisors LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 1.0% during the 2nd quarter. Armor Investment Advisors LLC now owns 82,569 shares of the company’s stock valued at $16,284,000 after buying an additional 845 shares during the last quarter. Allworth Financial LP lifted its stake in Fidelity MSCI Information Technology Index ETF by 11.0% in the second quarter. Allworth Financial LP now owns 18,989 shares of the company’s stock valued at $3,745,000 after acquiring an additional 1,883 shares during the last quarter. Integrity Alliance LLC. bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the first quarter valued at approximately $283,000. Finally, Archer Investment Corp lifted its position in Fidelity MSCI Information Technology Index ETF by 510.2% during the 2nd quarter. Archer Investment Corp now owns 2,343 shares of the company’s stock worth $462,000 after acquiring an additional 1,959 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 0.3%

FTEC opened at $226.86 on Wednesday. The stock has a market capitalization of $16.67 billion, a price-to-earnings ratio of 35.45 and a beta of 1.24. The business has a 50 day moving average of $227.00 and a 200-day moving average of $215.08. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.11 and a 1-year high of $240.25.

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.