Mirae Asset Global Investments Co. Ltd. Sells 20,680 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Mirae Asset Global Investments Co. Ltd. cut its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 21.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,640 shares of the company’s stock after selling 20,680 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.12% of Fidelity MSCI Information Technology Index ETF worth $14,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Stratos Wealth Partners LTD. grew its position in Fidelity MSCI Information Technology Index ETF by 5.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 13,056 shares of the company’s stock valued at $2,414,000 after acquiring an additional 699 shares during the last quarter. Catalina Capital Group LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 4.2% during the 4th quarter. Catalina Capital Group LLC now owns 2,711 shares of the company’s stock valued at $501,000 after acquiring an additional 110 shares during the period. U.S. Capital Wealth Advisors LLC grew its position in Fidelity MSCI Information Technology Index ETF by 21.2% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 2,636 shares of the company’s stock worth $487,000 after acquiring an additional 461 shares during the last quarter. DAVENPORT & Co LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 8.7% in the 4th quarter. DAVENPORT & Co LLC now owns 8,423 shares of the company’s stock worth $1,557,000 after purchasing an additional 671 shares during the period. Finally, Yoder Wealth Management Inc. lifted its position in Fidelity MSCI Information Technology Index ETF by 27.9% in the fourth quarter. Yoder Wealth Management Inc. now owns 48,728 shares of the company’s stock valued at $9,009,000 after purchasing an additional 10,618 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $186.44 on Friday. Fidelity MSCI Information Technology Index ETF has a 52-week low of $142.12 and a 52-week high of $193.06. The company’s 50 day moving average price is $187.24 and its 200-day moving average price is $177.75. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41.

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.