Endowment Wealth Management Inc. Sells 265 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Endowment Wealth Management Inc. reduced its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 16.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,340 shares of the company’s stock after selling 265 shares during the quarter. Endowment Wealth Management Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $264,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. IMA Advisory Services Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter worth approximately $25,000. Legacy Wealth Managment LLC ID bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter worth approximately $49,000. Whittier Trust Co. bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter worth approximately $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter worth approximately $51,000. Finally, Sound Income Strategies LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 20.8% in the second quarter. Sound Income Strategies LLC now owns 319 shares of the company’s stock valued at $63,000 after buying an additional 55 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 4.1%

NYSEARCA:FTEC opened at $219.27 on Monday. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.11 and a 1-year high of $229.78. The firm has a fifty day simple moving average of $213.41 and a 200 day simple moving average of $191.49. The stock has a market capitalization of $15.96 billion, a PE ratio of 35.45 and a beta of 1.16.

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.