Stone House Investment Management LLC Sells 139 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Stone House Investment Management LLC cut its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 7.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,815 shares of the company’s stock after selling 139 shares during the quarter. Stone House Investment Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $237,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 604.7% in the 1st quarter. JPMorgan Chase & Co. now owns 9,056 shares of the company’s stock valued at $1,115,000 after purchasing an additional 7,771 shares during the period. Bank of Montreal Can raised its holdings in Fidelity MSCI Information Technology Index ETF by 91.3% in the 1st quarter. Bank of Montreal Can now owns 1,886 shares of the company’s stock valued at $236,000 after acquiring an additional 900 shares during the period. Sequoia Financial Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at about $316,000. Prudential Financial Inc. raised its holdings in Fidelity MSCI Information Technology Index ETF by 3.0% in the 1st quarter. Prudential Financial Inc. now owns 90,591 shares of the company’s stock valued at $11,150,000 after acquiring an additional 2,653 shares during the period. Finally, Beaumont Capital Management LLC raised its holdings in Fidelity MSCI Information Technology Index ETF by 3,651.8% in the 1st quarter. Beaumont Capital Management LLC now owns 56,878 shares of the company’s stock valued at $7,001,000 after acquiring an additional 55,362 shares during the period.

Fidelity MSCI Information Technology Index ETF Trading Up 1.0 %

Shares of NYSEARCA:FTEC traded up $1.42 on Monday, reaching $136.92. 116,875 shares of the company’s stock were exchanged, compared to its average volume of 214,697. The company has a fifty day moving average of $125.91 and a 200-day moving average of $126.29. Fidelity MSCI Information Technology Index ETF has a twelve month low of $91.74 and a twelve month high of $137.02. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 22.84 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.