BIP Wealth LLC lessened its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 11.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,891 shares of the company’s stock after selling 367 shares during the quarter. BIP Wealth LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $570,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the company. IMA Advisory Services Inc. bought a new position in Fidelity MSCI Information Technology Index ETF in the first quarter worth $25,000. Legacy Wealth Managment LLC ID bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter worth about $49,000. Whittier Trust Co. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Fidelity MSCI Information Technology Index ETF in the first quarter valued at about $51,000. Finally, Rossby Financial LCC acquired a new position in Fidelity MSCI Information Technology Index ETF in the first quarter worth about $57,000.
Fidelity MSCI Information Technology Index ETF Stock Up 1.6%
Shares of FTEC opened at $230.61 on Friday. The company has a 50-day moving average price of $217.03 and a two-hundred day moving average price of $196.32. The stock has a market cap of $16.93 billion, a price-to-earnings ratio of 35.45 and a beta of 1.16. Fidelity MSCI Information Technology Index ETF has a 12 month low of $134.11 and a 12 month high of $231.37.
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.
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