CX Institutional Decreases Position in Fidelity MSCI Information Technology Index ETF $FTEC

CX Institutional decreased its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 10.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,414 shares of the company’s stock after selling 3,594 shares during the quarter. CX Institutional’s holdings in Fidelity MSCI Information Technology Index ETF were worth $6,535,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of FTEC. Envestnet Asset Management Inc. lifted its position in Fidelity MSCI Information Technology Index ETF by 23.9% in the second quarter. Envestnet Asset Management Inc. now owns 659,540 shares of the company’s stock worth $130,074,000 after buying an additional 127,232 shares during the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 406.9% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 108,109 shares of the company’s stock worth $21,321,000 after acquiring an additional 86,780 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 4,004.6% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 86,073 shares of the company’s stock worth $16,975,000 after purchasing an additional 83,976 shares during the period. SteelPeak Wealth LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth about $14,173,000. Finally, Lido Advisors LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 3.2% during the 2nd quarter. Lido Advisors LLC now owns 2,092,518 shares of the company’s stock valued at $412,687,000 after purchasing an additional 64,807 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA FTEC opened at $228.42 on Thursday. Fidelity MSCI Information Technology Index ETF has a 1 year low of $134.11 and a 1 year high of $240.25. The firm has a 50-day simple moving average of $226.31 and a two-hundred day simple moving average of $216.52. The company has a market cap of $16.95 billion, a P/E ratio of 35.45 and a beta of 1.24.

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.