Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Stake Trimmed by Rise Advisors LLC

Rise Advisors LLC trimmed its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,581 shares of the company’s stock after selling 87 shares during the quarter. Fidelity MSCI Information Technology Index ETF makes up approximately 0.5% of Rise Advisors LLC’s portfolio, making the stock its 25th largest position. Rise Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $598,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in FTEC. Bogart Wealth LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 208.3% in the first quarter. Bogart Wealth LLC now owns 222 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 1,452.6% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 295 shares of the company’s stock valued at $34,000 after buying an additional 276 shares during the period. Money Concepts Capital Corp purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at $37,000. Sound Income Strategies LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 387.1% in the second quarter. Sound Income Strategies LLC now owns 453 shares of the company’s stock worth $59,000 after acquiring an additional 360 shares during the last quarter. Finally, TimeScale Financial Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the first quarter worth $69,000.

Fidelity MSCI Information Technology Index ETF Trading Down 1.8 %

NYSEARCA FTEC traded down $2.37 on Friday, reaching $126.10. The stock had a trading volume of 174,523 shares, compared to its average volume of 215,275. Fidelity MSCI Information Technology Index ETF has a 1 year low of $86.19 and a 1 year high of $136.75. The business has a 50 day moving average price of $129.66 and a 200 day moving average price of $121.09. The company has a market capitalization of $7.03 billion, a price-to-earnings ratio of 22.84 and a beta of 1.16.

Fidelity MSCI Information Technology Index ETF 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.