Fidelity MSCI Information Technology Index ETF $FTEC Shares Sold by Meridian Wealth Management LLC

Meridian Wealth Management LLC decreased its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 7.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,495 shares of the company’s stock after selling 1,170 shares during the period. Meridian Wealth Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $3,056,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. IMA Advisory Services Inc. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter worth $25,000. Legacy Wealth Managment LLC ID acquired a new stake in Fidelity MSCI Information Technology Index ETF during the first quarter worth about $49,000. Whittier Trust Co. acquired a new stake in Fidelity MSCI Information Technology Index ETF during the first quarter worth about $50,000. Sound Income Strategies LLC lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 20.8% in the 2nd quarter. Sound Income Strategies LLC now owns 319 shares of the company’s stock valued at $63,000 after purchasing an additional 55 shares in the last quarter. Finally, SouthState Corp grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 191.9% during the 1st quarter. SouthState Corp now owns 362 shares of the company’s stock worth $58,000 after purchasing an additional 238 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

FTEC opened at $225.43 on Friday. Fidelity MSCI Information Technology Index ETF has a 1 year low of $134.11 and a 1 year high of $240.25. The firm has a 50 day moving average price of $224.63 and a 200 day moving average price of $204.64. The company has a market cap of $16.57 billion, a PE ratio of 35.45 and a beta of 1.24.

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.