Thrivent Financial for Lutherans Trims Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Thrivent Financial for Lutherans trimmed its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 14.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,844 shares of the company’s stock after selling 1,971 shares during the period. Thrivent Financial for Lutherans’ holdings in Fidelity MSCI Information Technology Index ETF were worth $2,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. WealthShield Partners LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 2.2% during the second quarter. WealthShield Partners LLC now owns 3,377 shares of the company’s stock valued at $579,000 after buying an additional 73 shares during the period. Fifth Third Securities Inc. increased its position in Fidelity MSCI Information Technology Index ETF by 3.7% during the 2nd quarter. Fifth Third Securities Inc. now owns 2,158 shares of the company’s stock valued at $370,000 after purchasing an additional 76 shares during the period. AdvisorNet Financial Inc raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,485 shares of the company’s stock valued at $598,000 after purchasing an additional 81 shares in the last quarter. Liberty Wealth Management LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 1.7% in the 2nd quarter. Liberty Wealth Management LLC now owns 5,412 shares of the company’s stock worth $928,000 after purchasing an additional 93 shares during the period. Finally, Valley Brook Capital Group Inc. boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 5.2% during the second quarter. Valley Brook Capital Group Inc. now owns 2,025 shares of the company’s stock valued at $347,000 after purchasing an additional 100 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 2.6 %

Shares of NYSEARCA:FTEC opened at $170.03 on Wednesday. The company has a market capitalization of $10.59 billion, a PE ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 12-month low of $118.39 and a 12-month high of $181.11. The business’s fifty day simple moving average is $166.89 and its 200-day simple moving average is $163.17.

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.