Brookstone Capital Management Sells 21,702 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Brookstone Capital Management lessened its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 71.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,644 shares of the company’s stock after selling 21,702 shares during the period. Brookstone Capital Management’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,598,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Aptus Capital Advisors LLC raised its position in Fidelity MSCI Information Technology Index ETF by 67.3% during the third quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock worth $29,000 after acquiring an additional 68 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in Fidelity MSCI Information Technology Index ETF during the second quarter worth $32,000. Voisard Asset Management Group Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF during the third quarter worth $89,000. FSA Wealth Management LLC bought a new stake in Fidelity MSCI Information Technology Index ETF during the third quarter worth $90,000. Finally, Assetmark Inc. raised its position in Fidelity MSCI Information Technology Index ETF by 158.6% during the third quarter. Assetmark Inc. now owns 613 shares of the company’s stock worth $107,000 after acquiring an additional 376 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

NYSEARCA:FTEC opened at $185.32 on Thursday. Fidelity MSCI Information Technology Index ETF has a one year low of $140.72 and a one year high of $192.96. The company has a market cap of $11.55 billion, a P/E ratio of 37.14 and a beta of 1.41. The firm’s fifty day moving average price is $186.60 and its two-hundred day moving average price is $176.74.

Fidelity MSCI Information Technology Index ETF Company Profile

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.