Waverly Advisors LLC Cuts Position in Fidelity MSCI Information Technology Index ETF $FTEC

Waverly Advisors LLC lessened its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 84.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,624 shares of the company’s stock after selling 14,141 shares during the quarter. Waverly Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $546,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FTEC. Wealth Watch Advisors INC purchased a new stake in Fidelity MSCI Information Technology Index ETF during the third quarter valued at about $30,000. Elyxium Wealth LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth about $37,000. SouthState Bank Corp purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth about $50,000. Strategic Advocates LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 76.4% during the 4th 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 bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $73,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC opened at $270.10 on Monday. The stock has a market cap of $19.85 billion, a price-to-earnings ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a 1-year low of $198.17 and a 1-year high of $300.79. The stock’s 50-day moving average is $278.42 and its 200 day moving average is $246.70.

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.