Fidelity MSCI Information Technology Index ETF $FTEC Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. lessened its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 21.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 53,359 shares of the company’s stock after selling 14,929 shares during the period. Fidelity MSCI Information Technology Index ETF makes up 0.8% of Freedom Investment Management Inc.’s investment portfolio, making the stock its 22nd largest holding. Freedom Investment Management Inc. owned 0.07% of Fidelity MSCI Information Technology Index ETF worth $10,523,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Exencial Wealth Advisors LLC lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 4.1% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 1,996 shares of the company’s stock worth $394,000 after acquiring an additional 78 shares during the period. Retirement Planning Group LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 8.7% in the 2nd quarter. Retirement Planning Group LLC now owns 4,674 shares of the company’s stock valued at $922,000 after purchasing an additional 376 shares in the last quarter. Pacific Sun Financial Corp increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 8.3% in the 2nd quarter. Pacific Sun Financial Corp now owns 2,390 shares of the company’s stock valued at $471,000 after purchasing an additional 183 shares in the last quarter. Financial Perspectives Inc increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 1.1% in the 2nd quarter. Financial Perspectives Inc now owns 28,454 shares of the company’s stock valued at $5,612,000 after purchasing an additional 312 shares in the last quarter. Finally, WBH Advisory Inc. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at about $329,000.

Fidelity MSCI Information Technology Index ETF Stock Down 1.2%

Shares of FTEC opened at $223.99 on Thursday. The company has a 50-day simple moving average of $216.23 and a 200-day simple moving average of $194.73. The company has a market capitalization of $16.37 billion, a PE ratio of 35.45 and a beta of 1.16. Fidelity MSCI Information Technology Index ETF has a 52-week low of $134.11 and a 52-week high of $229.78.

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.