Fidelity MSCI Information Technology Index ETF $FTEC Stock Position Lowered by Kraft Davis & Associates LLC

Kraft Davis & Associates LLC lessened its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,376 shares of the company’s stock after selling 1,826 shares during the period. Fidelity MSCI Information Technology Index ETF comprises about 4.3% of Kraft Davis & Associates LLC’s holdings, making the stock its 4th largest holding. Kraft Davis & Associates LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $20,941,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Wealth Watch Advisors INC bought a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $30,000. Elyxium Wealth LLC purchased a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth approximately $37,000. SouthState Bank Corp bought a new stake in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $50,000. Strategic Advocates LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 76.4% in the fourth quarter. Strategic Advocates LLC now owns 247 shares of the company’s stock valued at $56,000 after purchasing an additional 107 shares during the last quarter. Finally, MidFirst Bank purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at approximately $73,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA:FTEC opened at $286.99 on Tuesday. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $198.17 and a fifty-two week high of $300.79. The firm has a market cap of $21.09 billion, a PE ratio of 35.45 and a beta of 1.34. The business has a 50 day moving average price of $278.44 and a 200-day moving average price of $249.21.

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.