Cetera Investment Advisers trimmed its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,474 shares of the company’s stock after selling 5,710 shares during the period. Cetera Investment Advisers’ holdings in Fidelity MSCI Information Technology Index ETF were worth $17,646,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in Fidelity MSCI Information Technology Index ETF by 23.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 659,540 shares of the company’s stock worth $130,074,000 after buying an additional 127,232 shares in the last quarter. SteelPeak Wealth LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth $14,173,000. Independence Financial Advisors LLC purchased a new position in Fidelity MSCI Information Technology Index ETF in the first quarter worth $9,858,000. Assetmark Inc. grew its position in Fidelity MSCI Information Technology Index ETF by 7,740.8% in the second quarter. Assetmark Inc. now owns 51,514 shares of the company’s stock worth $10,160,000 after acquiring an additional 50,857 shares in the last quarter. Finally, CacheTech Inc. bought a new position in Fidelity MSCI Information Technology Index ETF in the first quarter valued at $6,532,000.
Fidelity MSCI Information Technology Index ETF Stock Down 1.5%
Shares of FTEC stock opened at $218.39 on Wednesday. The business has a 50-day moving average price of $225.04 and a two-hundred day moving average price of $205.67. Fidelity MSCI Information Technology Index ETF has a 12-month low of $134.11 and a 12-month high of $240.25. The firm has a market cap of $16.05 billion, a P/E ratio of 35.45 and a beta of 1.24.
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.
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