Janney Montgomery Scott LLC Lowers Holdings in Fidelity MSCI Information Technology Index ETF $FTEC

Janney Montgomery Scott LLC trimmed its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 4.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,121 shares of the company’s stock after selling 845 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $3,377,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in FTEC. Brighton Jones LLC boosted its holdings in 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 valued at $3,349,000 after purchasing an additional 1,458 shares during the last quarter. NBC Securities Inc. purchased a new stake in Fidelity MSCI Information Technology Index ETF in the first quarter valued at $46,000. Merit Financial Group LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 8.9% in the first quarter. Merit Financial Group LLC now owns 1,895 shares of the company’s stock valued at $306,000 after purchasing an additional 155 shares during the last quarter. Daymark Wealth Partners LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 1.7% in the first quarter. Daymark Wealth Partners LLC now owns 4,893 shares of the company’s stock valued at $789,000 after purchasing an additional 80 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 33.6% in the first quarter. Farther Finance Advisors LLC now owns 3,492 shares of the company’s stock valued at $568,000 after purchasing an additional 878 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA:FTEC opened at $228.78 on Thursday. Fidelity MSCI Information Technology Index ETF has a one year low of $134.11 and a one year high of $228.78. The firm has a market cap of $16.63 billion, a price-to-earnings ratio of 35.45 and a beta of 1.16. The firm’s fifty day moving average is $212.58 and its two-hundred day moving average is $190.42.

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.