Southern Capital Advisors LLC Lowers Position in Fidelity MSCI Information Technology Index ETF $FTEC

Southern Capital Advisors LLC trimmed its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 18.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,796 shares of the company’s stock after selling 7,299 shares during the quarter. Fidelity MSCI Information Technology Index ETF accounts for 3.2% of Southern Capital Advisors LLC’s portfolio, making the stock its 7th largest position. Southern Capital Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $6,823,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FTEC. Rockefeller Capital Management L.P. increased its holdings in Fidelity MSCI Information Technology Index ETF by 13.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,695 shares of the company’s stock valued at $1,055,000 after buying an additional 547 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2.5% during the 4th quarter. Corient Private Wealth LLC now owns 12,776 shares of the company’s stock worth $2,871,000 after acquiring an additional 316 shares during the period. Rehmann Capital Advisory Group boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 6.6% during the 4th quarter. Rehmann Capital Advisory Group now owns 13,074 shares of the company’s stock valued at $2,937,000 after acquiring an additional 814 shares in the last quarter. SHP Wealth Management acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $907,000. Finally, Sankala Group LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $374,000.

Fidelity MSCI Information Technology Index ETF Price Performance

NYSEARCA FTEC opened at $286.54 on Monday. Fidelity MSCI Information Technology Index ETF has a twelve month low of $185.26 and a twelve month high of $300.79. The stock has a market cap of $20.83 billion, a P/E ratio of 35.45 and a beta of 1.34. The company’s 50-day simple moving average is $264.93 and its 200 day simple moving average is $236.55.

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.