NewEdge Advisors LLC Has $5.85 Million Stake in Fidelity MSCI Information Technology Index ETF $FTEC

NewEdge Advisors LLC lowered its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 40.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,125 shares of the company’s stock after selling 19,287 shares during the period. NewEdge Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $5,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTEC. Eley Financial Management Inc boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 0.3% during the 1st quarter. Eley Financial Management Inc now owns 15,409 shares of the company’s stock worth $3,206,000 after buying an additional 41 shares during the last quarter. Walkner Condon Financial Advisors LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 5.1% in the first quarter. Walkner Condon Financial Advisors LLC now owns 969 shares of the company’s stock valued at $202,000 after acquiring an additional 47 shares during the last quarter. Founders Financial Alliance LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 2.0% in the fourth quarter. Founders Financial Alliance LLC now owns 2,487 shares of the company’s stock valued at $559,000 after acquiring an additional 49 shares during the last quarter. Smithfield Trust Co increased its position in shares of Fidelity MSCI Information Technology Index ETF by 2.1% in the fourth quarter. Smithfield Trust Co now owns 2,425 shares of the company’s stock valued at $544,000 after acquiring an additional 50 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its holdings in Fidelity MSCI Information Technology Index ETF by 5.3% during the fourth quarter. Main Street Financial Solutions LLC now owns 1,087 shares of the company’s stock worth $244,000 after acquiring an additional 55 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC opened at $271.06 on Friday. The stock has a 50 day moving average price of $278.55 and a 200 day moving average price of $246.41. Fidelity MSCI Information Technology Index ETF has a 52 week low of $198.17 and a 52 week high of $300.79. The stock has a market capitalization of $19.92 billion, a PE ratio of 35.45 and a beta of 1.34.

About Fidelity MSCI Information Technology Index ETF

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.