Summit Financial LLC reduced its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 1.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 14,185 shares of the company’s stock after selling 178 shares during the quarter. Summit Financial LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,288,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. IMA Advisory Services Inc. purchased a new position in Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at approximately $25,000. Wood Tarver Financial Group LLC purchased a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at approximately $29,000. Bellwether Advisors LLC purchased a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at approximately $40,000. McIlrath & Eck LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 131.0% in the 4th quarter. McIlrath & Eck LLC now owns 231 shares of the company’s stock valued at $43,000 after purchasing an additional 131 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at approximately $46,000.
Fidelity MSCI Information Technology Index ETF Price Performance
NYSEARCA FTEC opened at $206.53 on Friday. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.11 and a 1-year high of $211.47. The company has a market capitalization of $14.81 billion, a P/E ratio of 35.45 and a beta of 1.16. The business has a 50 day moving average price of $200.98 and a 200 day moving average price of $181.74.
Fidelity MSCI Information Technology Index ETF 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.
Further Reading
- Five stocks we like better than Fidelity MSCI Information Technology Index ETF
- How to Evaluate a Stock Before Buying
- Royal Caribbean Earnings Beat Fuels Strong 2025 Outlook
- What does consumer price index measure?
- Alphabet’s Breakout Potential: From Laggard to AI Leader
- Dividend Capture Strategy: What You Need to Know
- TJX Stock Price Hits Fresh High, Signals More Highs to Follow
Want to see what other hedge funds are holding FTEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report).
Receive News & Ratings for Fidelity MSCI Information Technology Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity MSCI Information Technology Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.
