Fidelity MSCI Information Technology Index ETF $FTEC Stake Decreased by CX Institutional

CX Institutional cut its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 22.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,643 shares of the company’s stock after selling 10,504 shares during the period. CX Institutional’s holdings in Fidelity MSCI Information Technology Index ETF were worth $10,695,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FTEC. Concurrent Investment Advisors LLC bought a new stake in Fidelity MSCI Information Technology Index ETF in the second quarter worth about $1,309,000. Jacobs Equity LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at approximately $2,794,000. Sterling Investment Counsel LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 2,538.7% during the first quarter. Sterling Investment Counsel LLC now owns 34,567 shares of the company’s stock valued at $7,192,000 after buying an additional 33,257 shares during the last quarter. Succession Financial Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the second quarter worth approximately $3,414,000. Finally, LPL Financial LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 14.1% in the fourth quarter. LPL Financial LLC now owns 694,702 shares of the company’s stock worth $156,079,000 after buying an additional 85,840 shares during the period.

Fidelity MSCI Information Technology Index ETF Trading Up 1.0%

Shares of FTEC stock traded up $3.04 on Friday, reaching $306.30. 306,631 shares of the company’s stock were exchanged, compared to its average volume of 368,022. The company’s fifty day simple moving average is $286.57 and its 200 day simple moving average is $267.83. Fidelity MSCI Information Technology Index ETF has a 52 week low of $198.17 and a 52 week high of $308.68. The stock has a market capitalization of $22.51 billion, a PE ratio of 35.45 and a beta of 1.35.

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.