Crumly & Associates Inc. Cuts Stock Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Crumly & Associates Inc. decreased its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,977 shares of the company’s stock after selling 687 shares during the period. Fidelity MSCI Information Technology Index ETF comprises approximately 2.1% of Crumly & Associates Inc.’s holdings, making the stock its 16th biggest holding. Crumly & Associates Inc. owned about 0.07% of Fidelity MSCI Information Technology Index ETF worth $7,576,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTEC. Alpha Financial Partners LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth about $1,129,000. Raymond James & Associates increased its position in shares of Fidelity MSCI Information Technology Index ETF by 40.5% in the 3rd quarter. Raymond James & Associates now owns 31,741 shares of the company’s stock worth $5,539,000 after purchasing an additional 9,150 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 10.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,364 shares of the company’s stock worth $587,000 after purchasing an additional 322 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 46,646.4% in the 3rd quarter. International Assets Investment Management LLC now owns 811,050 shares of the company’s stock worth $1,415,280,000 after purchasing an additional 809,315 shares during the last quarter. Finally, Yoder Wealth Management Inc. increased its position in shares of Fidelity MSCI Information Technology Index ETF by 20.8% in the 3rd quarter. Yoder Wealth Management Inc. now owns 38,110 shares of the company’s stock worth $6,650,000 after purchasing an additional 6,568 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

FTEC opened at $190.72 on Friday. The company has a 50-day moving average of $187.23 and a 200-day moving average of $179.36. The company has a market capitalization of $11.88 billion, a P/E ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 1-year low of $142.12 and a 1-year 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.