Elevation Point Wealth Partners LLC Trims Stock Holdings in Fidelity MSCI Information Technology Index ETF $FTEC

Elevation Point Wealth Partners LLC reduced its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 51.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,223 shares of the company’s stock after selling 10,826 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,127,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Financial Life Planners purchased a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth $25,000. Wealth Watch Advisors INC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $30,000. Strategic Advocates LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $31,000. Elyxium Wealth LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at about $37,000. Finally, SouthState Bank Corp acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter worth about $50,000.

Fidelity MSCI Information Technology Index ETF Price Performance

NYSEARCA FTEC opened at $273.89 on Monday. Fidelity MSCI Information Technology Index ETF has a 52-week low of $197.63 and a 52-week high of $300.79. The business’s 50-day moving average price is $273.79 and its 200 day moving average price is $240.04. The firm has a market cap of $20.10 billion, a P/E ratio of 35.45 and a beta of 1.34.

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.