CAP Partners LLC Trims Holdings in Fidelity MSCI Information Technology Index ETF $FTEC

CAP Partners LLC trimmed its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 7.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,736 shares of the company’s stock after selling 613 shares during the quarter. Fidelity MSCI Information Technology Index ETF comprises 1.0% of CAP Partners LLC’s holdings, making the stock its 29th largest position. CAP Partners LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,526,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of FTEC. Brighton Jones LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 8.8% in the fourth quarter. Brighton Jones LLC now owns 18,113 shares of the company’s stock worth $3,349,000 after purchasing an additional 1,458 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 9.8% during the first quarter. Flagship Harbor Advisors LLC now owns 1,319 shares of the company’s stock worth $213,000 after acquiring an additional 118 shares during the period. Daymark Wealth Partners LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 1.7% during the first quarter. Daymark Wealth Partners LLC now owns 4,893 shares of the company’s stock worth $789,000 after acquiring an additional 80 shares during the period. Spire Wealth Management grew its holdings in Fidelity MSCI Information Technology Index ETF by 8.7% during the first quarter. Spire Wealth Management now owns 7,729 shares of the company’s stock worth $1,247,000 after acquiring an additional 616 shares during the period. Finally, Aspetuck Financial Management LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the first quarter worth about $4,258,000.

Fidelity MSCI Information Technology Index ETF Stock Up 1.4%

Fidelity MSCI Information Technology Index ETF stock opened at $227.04 on Friday. The firm has a market cap of $16.60 billion, a price-to-earnings 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. The business’s 50-day moving average price is $216.58 and its 200 day moving average price is $195.31.

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.