Stonebrook Private Inc. Lowers Position in Fidelity MSCI Information Technology Index ETF $FTEC

Stonebrook Private Inc. trimmed its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 5.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,446 shares of the company’s stock after selling 1,015 shares during the period. Stonebrook Private Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $3,243,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in Fidelity MSCI Information Technology Index ETF by 11.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the company’s stock worth $273,000 after acquiring an additional 176 shares in the last quarter. AE Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 12.0% during the first quarter. AE Wealth Management LLC now owns 3,091 shares of the company’s stock valued at $499,000 after purchasing an additional 330 shares during the last quarter. CWM LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 36.8% in the 2nd quarter. CWM LLC now owns 6,392 shares of the company’s stock worth $1,261,000 after purchasing an additional 1,719 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 1.7% in the 1st quarter. Private Advisor Group LLC now owns 13,881 shares of the company’s stock worth $2,239,000 after buying an additional 238 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in Fidelity MSCI Information Technology Index ETF by 43.3% during the 1st quarter. Raymond James Financial Inc. now owns 95,946 shares of the company’s stock valued at $15,473,000 after buying an additional 29,000 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 1.5%

Shares of NYSEARCA:FTEC opened at $218.39 on Wednesday. The stock has a fifty day simple moving average of $225.04 and a two-hundred day simple moving average 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 stock has a market capitalization of $16.05 billion, a price-to-earnings 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.