NewEdge Advisors LLC cut its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 26.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,018 shares of the company’s stock after selling 12,394 shares during the quarter. NewEdge Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $7,286,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its stake in Fidelity MSCI Information Technology Index ETF by 8.8% during the 4th quarter. Brighton Jones LLC now owns 18,113 shares of the company’s stock worth $3,349,000 after buying an additional 1,458 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the first quarter worth about $2,532,000. Jane Street Group LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the first quarter worth about $3,833,000. Marshall Wace LLP acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter worth about $5,649,000. Finally, Flow Traders U.S. LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at about $242,000.
Fidelity MSCI Information Technology Index ETF Stock Performance
Shares of FTEC stock opened at $286.99 on Tuesday. The company has a market capitalization of $21.09 billion, a P/E ratio of 35.45 and a beta of 1.34. The company’s 50 day moving average price is $278.44 and its two-hundred day moving average price is $249.21. Fidelity MSCI Information Technology Index ETF has a 52 week low of $198.17 and a 52 week high of $300.79.
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.
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