Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. lowered its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 12.0% during the third quarter, Holdings Channel.com reports. The fund owned 59,683 shares of the company’s stock after selling 8,161 shares during the quarter. Fidelity MSCI Information Technology Index ETF accounts for 0.8% of Freedom Investment Management Inc.’s holdings, making the stock its 22nd largest holding. Freedom Investment Management Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $10,415,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth about $878,000. CWM LLC grew its stake in Fidelity MSCI Information Technology Index ETF by 165.8% during the third quarter. CWM LLC now owns 2,278 shares of the company’s stock worth $398,000 after buying an additional 1,421 shares during the period. Brookstone Capital Management increased its position in shares of Fidelity MSCI Information Technology Index ETF by 0.5% in the second quarter. Brookstone Capital Management now owns 29,495 shares of the company’s stock worth $5,111,000 after acquiring an additional 134 shares in the last quarter. Fifth Third Securities Inc. raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 3.7% in the 2nd quarter. Fifth Third Securities Inc. now owns 2,158 shares of the company’s stock valued at $370,000 after acquiring an additional 76 shares during the period. Finally, Secure Asset Management LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 6.4% during the 3rd quarter. Secure Asset Management LLC now owns 16,584 shares of the company’s stock valued at $2,894,000 after acquiring an additional 1,004 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Up 0.3 %

Shares of NYSEARCA FTEC opened at $185.51 on Wednesday. The stock has a fifty day moving average price of $178.14 and a 200 day moving average price of $171.07. Fidelity MSCI Information Technology Index ETF has a 12-month low of $135.17 and a 12-month high of $186.69. The company has a market cap of $11.56 billion, a P/E ratio of 37.14 and a beta of 1.41.

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.