Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Stock Position Lowered by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 6.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 17,966 shares of the company’s stock after selling 1,167 shares during the period. Janney Montgomery Scott LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,897,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTEC. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at $26,000. Wood Tarver Financial Group LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at $29,000. Bellwether Advisors LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth about $40,000. Promus Capital LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth about $41,000. Finally, McIlrath & Eck LLC boosted its position in Fidelity MSCI Information Technology Index ETF by 131.0% during the 4th quarter. McIlrath & Eck LLC now owns 231 shares of the company’s stock worth $43,000 after acquiring an additional 131 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of FTEC opened at $191.96 on Wednesday. The business’s 50-day moving average is $175.57 and its 200-day moving average is $176.94. The company has a market capitalization of $13.71 billion, a price-to-earnings ratio of 33.64 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $134.11 and a fifty-two week high of $193.06.

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.