Prime Capital Investment Advisors LLC Sells 11,684 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Prime Capital Investment Advisors LLC decreased its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 9.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 106,409 shares of the company’s stock after selling 11,684 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $31,929,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FTEC. Lido Advisors LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF by 3.6% during the first quarter. Lido Advisors LLC now owns 2,175,818 shares of the company’s stock worth $452,679,000 after acquiring an additional 75,631 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 6.1% in the first quarter. Kestra Advisory Services LLC now owns 183,454 shares of the company’s stock valued at $38,168,000 after acquiring an additional 10,516 shares during the last quarter. Independence Financial Advisors LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 6.6% in the third quarter. Independence Financial Advisors LLC now owns 150,522 shares of the company’s stock valued at $45,166,000 after acquiring an additional 9,259 shares during the last quarter. Morningstar Investment Management LLC increased its position in Fidelity MSCI Information Technology Index ETF by 24.0% during the 1st quarter. Morningstar Investment Management LLC now owns 117,953 shares of the company’s stock valued at $24,540,000 after purchasing an additional 22,808 shares during the period. Finally, Yoder Wealth Management Inc. increased its position in Fidelity MSCI Information Technology Index ETF by 13.2% during the 1st quarter. Yoder Wealth Management Inc. now owns 98,083 shares of the company’s stock valued at $20,406,000 after purchasing an additional 11,440 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Up 0.2%

Fidelity MSCI Information Technology Index ETF stock traded up $0.57 during mid-day trading on Tuesday, hitting $287.87. 319,591 shares of the stock were exchanged, compared to its average volume of 363,853. Fidelity MSCI Information Technology Index ETF has a 12 month low of $198.17 and a 12 month high of $311.83. The firm’s fifty day simple moving average is $292.37 and its two-hundred day simple moving average is $275.38. The stock has a market capitalization of $21.36 billion, a price-to-earnings ratio of 35.45 and a beta of 1.34.

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.