Moors & Cabot Inc. Decreases Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Moors & Cabot Inc. reduced its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 9.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,921 shares of the company’s stock after selling 315 shares during the quarter. Moors & Cabot Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $501,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FTEC. Bank of New Hampshire purchased a new stake in Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at about $25,000. Ables Iannone Moore & Associates Inc. acquired a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth approximately $34,000. Lynx Investment Advisory acquired a new position in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth approximately $37,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth approximately $43,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at approximately $43,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA FTEC opened at $172.40 on Friday. The firm has a market capitalization of $10.74 billion, a P/E ratio of 37.14 and a beta of 1.41. The stock has a 50-day simple moving average of $167.18 and a two-hundred day simple moving average of $162.21. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $118.39 and a fifty-two week high of $181.11.

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.