King Wealth Management Group Reduces Holdings in Fidelity MSCI Information Technology Index ETF $FTEC

King Wealth Management Group reduced its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1.2% in the 2nd quarter, Holdings Channel reports. The firm owned 55,609 shares of the company’s stock after selling 677 shares during the period. Fidelity MSCI Information Technology Index ETF makes up 1.5% of King Wealth Management Group’s holdings, making the stock its 19th biggest holding. King Wealth Management Group’s holdings in Fidelity MSCI Information Technology Index ETF were worth $10,967,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FTEC. PNC Financial Services Group Inc. lifted its position in Fidelity MSCI Information Technology Index ETF by 11.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the company’s stock valued at $273,000 after purchasing an additional 176 shares during the period. AE Wealth Management LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 12.0% in the first quarter. AE Wealth Management LLC now owns 3,091 shares of the company’s stock valued at $499,000 after buying an additional 330 shares in the last quarter. CWM LLC raised its position in Fidelity MSCI Information Technology Index ETF by 36.8% during the second quarter. CWM LLC now owns 6,392 shares of the company’s stock worth $1,261,000 after acquiring an additional 1,719 shares during the last quarter. Private Advisor Group LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 1.7% in the 1st quarter. Private Advisor Group LLC now owns 13,881 shares of the company’s stock valued at $2,239,000 after buying an additional 238 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 43.3% in the first quarter. Raymond James Financial Inc. now owns 95,946 shares of the company’s stock valued at $15,473,000 after acquiring an additional 29,000 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC opened at $224.33 on Friday. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $134.11 and a fifty-two week high of $240.25. The company has a market capitalization of $16.49 billion, a PE ratio of 35.45 and a beta of 1.24. The stock has a fifty day moving average of $224.28 and a two-hundred day moving average of $203.92.

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.