Ancora Advisors LLC Reduces Stock Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Ancora Advisors LLC trimmed its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,178 shares of the company’s stock after selling 427 shares during the quarter. Ancora Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTEC. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at about $196,694,000. International Assets Investment Management LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $33,181,000. SteelPeak Wealth LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $9,538,000. Envestnet Asset Management Inc. grew its position in Fidelity MSCI Information Technology Index ETF by 16.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 419,820 shares of the company’s stock worth $60,303,000 after acquiring an additional 59,879 shares during the period. Finally, Crumly & Associates Inc. grew its position in Fidelity MSCI Information Technology Index ETF by 199.5% in the fourth quarter. Crumly & Associates Inc. now owns 72,790 shares of the company’s stock worth $10,456,000 after acquiring an additional 48,485 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Up 3.5 %

NYSEARCA:FTEC opened at $168.76 on Thursday. The stock’s fifty day moving average is $169.92 and its two-hundred day moving average is $158.47. Fidelity MSCI Information Technology Index ETF has a 52 week low of $118.39 and a 52 week high of $181.11. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41.

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.