SteelPeak Wealth LLC Trims Holdings in Fidelity MSCI Information Technology Index ETF $FTEC

SteelPeak Wealth LLC lowered its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 96.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,894 shares of the company’s stock after selling 68,970 shares during the quarter. SteelPeak Wealth LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $643,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its stake in Fidelity MSCI Information Technology Index ETF by 8.8% during the 4th quarter. Brighton Jones LLC now owns 18,113 shares of the company’s stock valued at $3,349,000 after acquiring an additional 1,458 shares during the last quarter. Comerica Bank lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 4.5% during the first quarter. Comerica Bank now owns 6,038 shares of the company’s stock worth $974,000 after purchasing an additional 262 shares during the last quarter. Trexquant Investment LP grew its stake in Fidelity MSCI Information Technology Index ETF by 33.9% in the first quarter. Trexquant Investment LP now owns 1,473 shares of the company’s stock worth $238,000 after purchasing an additional 373 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 22.7% in the first quarter. EP Wealth Advisors LLC now owns 5,857 shares of the company’s stock valued at $945,000 after buying an additional 1,084 shares during the last quarter. Finally, Pinnacle Family Advisors LLC raised its stake in Fidelity MSCI Information Technology Index ETF by 54.3% during the first quarter. Pinnacle Family Advisors LLC now owns 1,765 shares of the company’s stock valued at $285,000 after buying an additional 621 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Up 0.4%

NYSEARCA:FTEC opened at $225.48 on Friday. The company has a market cap of $16.57 billion, a PE ratio of 35.45 and a beta of 1.24. The business’s 50 day moving average is $226.87 and its two-hundred day moving average is $215.67. Fidelity MSCI Information Technology Index ETF has a 52 week low of $134.11 and a 52 week high of $240.25.

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.