Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Stock Holdings Lessened by Williams & Novak LLC

Williams & Novak LLC trimmed its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,719 shares of the company’s stock after selling 79 shares during the quarter. Williams & Novak LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Ehrlich Financial Group purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth approximately $1,129,000. Park Avenue Securities LLC raised its position in Fidelity MSCI Information Technology Index ETF by 79.0% during the third quarter. Park Avenue Securities LLC now owns 15,607 shares of the company’s stock valued at $2,723,000 after acquiring an additional 6,886 shares in the last quarter. Wiser Wealth Management Inc bought a new position in Fidelity MSCI Information Technology Index ETF during the third quarter valued at approximately $429,000. Marotta Asset Management raised its position in Fidelity MSCI Information Technology Index ETF by 23.3% during the third quarter. Marotta Asset Management now owns 17,429 shares of the company’s stock valued at $3,041,000 after acquiring an additional 3,289 shares in the last quarter. Finally, American National Bank & Trust raised its position in Fidelity MSCI Information Technology Index ETF by 16.4% during the third quarter. American National Bank & Trust now owns 1,010 shares of the company’s stock valued at $176,000 after acquiring an additional 142 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC opened at $172.81 on Tuesday. The firm has a market cap of $10.77 billion, a PE ratio of 37.14 and a beta of 1.41. The firm’s 50 day moving average price is $167.32 and its 200 day moving average price is $163.78. Fidelity MSCI Information Technology Index ETF has a twelve month low of $118.39 and a twelve month high of $181.11.

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.