Glass Jacobson Investment Advisors llc Sells 52 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Glass Jacobson Investment Advisors llc cut its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 14.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 309 shares of the company’s stock after selling 52 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in Fidelity MSCI Information Technology Index ETF were worth $61,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crossmark Global Holdings Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF in the first quarter worth about $374,000. PNC Financial Services Group Inc. raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 11.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the company’s stock worth $273,000 after purchasing an additional 176 shares during the period. AE Wealth Management LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 12.0% in the 1st quarter. AE Wealth Management LLC now owns 3,091 shares of the company’s stock worth $499,000 after purchasing an additional 330 shares during the period. CWM LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 36.8% in the second quarter. CWM LLC now owns 6,392 shares of the company’s stock valued at $1,261,000 after purchasing an additional 1,719 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 1.7% during the first quarter. Private Advisor Group LLC now owns 13,881 shares of the company’s stock valued at $2,239,000 after purchasing an additional 238 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

NYSEARCA:FTEC opened at $230.61 on Friday. The company has a market capitalization of $16.93 billion, a P/E ratio of 35.45 and a beta of 1.16. The business has a fifty day simple moving average of $217.03 and a two-hundred day simple moving average of $196.32. Fidelity MSCI Information Technology Index ETF has a 1 year low of $134.11 and a 1 year high of $231.37.

Fidelity MSCI Information Technology Index ETF 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.