Charles Schwab Investment Management Inc. Lowers Stock Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Charles Schwab Investment Management Inc. lessened its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,327,972 shares of the company’s stock after selling 49,109 shares during the period. Charles Schwab Investment Management Inc. owned 5.97% of Fidelity MSCI Information Technology Index ETF worth $478,030,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FTEC. Larson Financial Group LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 193.8% during the 4th quarter. Larson Financial Group LLC now owns 188 shares of the company’s stock valued at $27,000 after acquiring an additional 124 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth $29,000. Key Financial Inc bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth about $38,000. Provence Wealth Management Group purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at about $37,000. Finally, SYM FINANCIAL Corp bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at about $53,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA FTEC traded down $0.88 on Tuesday, hitting $152.95. 118,113 shares of the stock were exchanged, compared to its average volume of 262,257. Fidelity MSCI Information Technology Index ETF has a 52-week low of $113.12 and a 52-week high of $159.43. The firm has a market capitalization of $9.53 billion, a P/E ratio of 37.14 and a beta of 1.41. The stock has a fifty day moving average price of $152.73 and a two-hundred day moving average price of $145.00.

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.