B. Riley Wealth Advisors Inc. Lowers Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

B. Riley Wealth Advisors Inc. lowered its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,795 shares of the company’s stock after selling 150 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $258,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Lido Advisors LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 9.3% in the 3rd quarter. Lido Advisors LLC now owns 1,652,603 shares of the company’s stock valued at $203,154,000 after acquiring an additional 141,104 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 16.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 419,820 shares of the company’s stock valued at $60,303,000 after acquiring an additional 59,879 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $33,181,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 18.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 196,291 shares of the company’s stock valued at $28,195,000 after buying an additional 30,245 shares in the last quarter. Finally, AGF Management Ltd. raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 42.1% during the 4th quarter. AGF Management Ltd. now owns 148,174 shares of the company’s stock valued at $21,284,000 after buying an additional 43,917 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Up 0.3 %

Shares of NYSEARCA FTEC opened at $171.43 on Thursday. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 1-year low of $118.39 and a 1-year high of $176.34. The stock’s 50-day moving average is $159.29 and its 200 day moving average is $153.00.

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.