Fidelity MSCI Information Technology Index ETF $FTEC Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC trimmed its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 4.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,918 shares of the company’s stock after selling 196 shares during the period. Sequoia Financial Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $773,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. TBH Global Asset Management LLC boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 1,753.6% during the 1st quarter. TBH Global Asset Management LLC now owns 160,615 shares of the company’s stock worth $25,902,000 after purchasing an additional 151,950 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter worth approximately $16,917,000. SteelPeak Wealth LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth approximately $14,173,000. Independence Financial Advisors LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter worth approximately $9,858,000. Finally, CacheTech Inc. acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter worth approximately $6,532,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $223.93 on Friday. The stock has a market cap of $16.35 billion, a P/E ratio of 35.45 and a beta of 1.16. The stock’s 50 day simple moving average is $215.22 and its 200-day simple moving average is $193.42. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.11 and a 1-year high of $229.78.

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.