Stonebridge Financial Planning Group LLC Trims Stock Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Stonebridge Financial Planning Group LLC decreased its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 36.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,092 shares of the company’s stock after selling 3,501 shares during the period. Stonebridge Financial Planning Group LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FTEC. DAVENPORT & Co LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 39.8% during the 3rd quarter. DAVENPORT & Co LLC now owns 2,830 shares of the company’s stock valued at $348,000 after buying an additional 805 shares during the last quarter. Valeo Financial Advisors LLC grew its position in shares of Fidelity MSCI Information Technology Index ETF by 8.4% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,251 shares of the company’s stock valued at $400,000 after acquiring an additional 253 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Fidelity MSCI Information Technology Index ETF by 29.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 166,046 shares of the company’s stock valued at $20,412,000 after acquiring an additional 37,658 shares during the period. Stratos Wealth Advisors LLC grew its position in shares of Fidelity MSCI Information Technology Index ETF by 28.4% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 2,554 shares of the company’s stock valued at $314,000 after acquiring an additional 565 shares during the period. Finally, Avaii Wealth Management LLC grew its position in shares of Fidelity MSCI Information Technology Index ETF by 11.2% during the 3rd quarter. Avaii Wealth Management LLC now owns 36,407 shares of the company’s stock valued at $4,476,000 after acquiring an additional 3,679 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC stock traded down $3.26 during trading on Tuesday, hitting $147.03. The stock had a trading volume of 136,585 shares, compared to its average volume of 255,179. Fidelity MSCI Information Technology Index ETF has a twelve month low of $110.80 and a twelve month high of $159.43. The stock has a market capitalization of $9.12 billion, a P/E ratio of 38.28 and a beta of 1.36. The company’s 50-day moving average price is $152.95 and its two-hundred day moving average price is $143.95.

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.