Mercer Global Advisors Inc. ADV Reduces Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Mercer Global Advisors Inc. ADV lowered its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 12.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,485 shares of the company’s stock after selling 1,477 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FTEC. Bank of New Hampshire purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter worth approximately $25,000. Ables Iannone Moore & Associates Inc. purchased a new stake in Fidelity MSCI Information Technology Index ETF in the fourth quarter worth $34,000. Lynx Investment Advisory bought a new position in Fidelity MSCI Information Technology Index ETF in the second quarter worth $37,000. Strategic Financial Concepts LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the second quarter valued at $43,000. Finally, ICA Group Wealth Management LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at $49,000.

Fidelity MSCI Information Technology Index ETF Price Performance

NYSEARCA:FTEC opened at $171.46 on Tuesday. The firm’s 50-day moving average price is $166.88 and its 200-day moving average price is $162.53. The company has a market capitalization of $10.68 billion, a PE ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 1-year low of $118.39 and a 1-year 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.