Orion Portfolio Solutions LLC decreased its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,361 shares of the company’s stock after selling 1,717 shares during the period. Orion Portfolio Solutions LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $4,319,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. bought a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at approximately $26,000. Fifth Third Bancorp bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at $37,000. Promus Capital LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth $41,000. Mainstream Capital Management LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth $44,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at $48,000.
Fidelity MSCI Information Technology Index ETF Stock Performance
Shares of NYSEARCA:FTEC opened at $161.51 on Monday. The stock’s 50-day simple moving average is $178.66 and its two-hundred day simple moving average is $180.57. The stock has a market capitalization of $11.40 billion, a price-to-earnings ratio of 33.25 and a beta of 1.17. Fidelity MSCI Information Technology Index ETF has a 52-week low of $142.12 and a 52-week high of $193.06.
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.
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