Fidelity MSCI Information Technology Index ETF $FTEC Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC cut its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,267 shares of the company’s stock after selling 105 shares during the period. Parallel Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the first quarter worth approximately $25,000. Wood Tarver Financial Group LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth approximately $29,000. McIlrath & Eck LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 131.0% during the fourth quarter. McIlrath & Eck LLC now owns 231 shares of the company’s stock worth $43,000 after buying an additional 131 shares in the last quarter. NBC Securities Inc. purchased a new position in Fidelity MSCI Information Technology Index ETF during the first quarter worth approximately $46,000. Finally, Legacy Wealth Managment LLC ID purchased a new position in Fidelity MSCI Information Technology Index ETF during the first quarter worth approximately $49,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $218.51 on Friday. Fidelity MSCI Information Technology Index ETF has a one year low of $134.11 and a one year high of $219.08. The company has a market cap of $15.67 billion, a price-to-earnings ratio of 35.45 and a beta of 1.16. The business’s 50 day moving average price is $207.08 and its 200 day moving average price is $185.06.

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.