NewEdge Advisors LLC Has $7.29 Million Position in Fidelity MSCI Information Technology Index ETF $FTEC

NewEdge Advisors LLC decreased its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 26.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,018 shares of the company’s stock after selling 12,394 shares during the period. NewEdge Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $7,286,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Optiver Holding B.V. acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at $1,003,000. Glenmede Trust Co. NA boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 264.9% in the 1st quarter. Glenmede Trust Co. NA now owns 2,430 shares of the company’s stock valued at $506,000 after purchasing an additional 1,764 shares in the last quarter. Eley Financial Management Inc boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 1.5% in the 1st quarter. Eley Financial Management Inc now owns 15,597 shares of the company’s stock valued at $3,245,000 after purchasing an additional 229 shares in the last quarter. Claris Financial LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 68.2% in the 1st quarter. Claris Financial LLC now owns 10,143 shares of the company’s stock worth $2,110,000 after purchasing an additional 4,111 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its position in shares of Fidelity MSCI Information Technology Index ETF by 2.2% during the 1st quarter. Sunbelt Securities Inc. now owns 18,418 shares of the company’s stock worth $3,832,000 after purchasing an additional 403 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Down 1.0%

NYSEARCA:FTEC opened at $286.99 on Tuesday. The firm has a market cap of $21.09 billion, a PE ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a 12 month low of $198.17 and a 12 month high of $300.79. The company’s 50-day moving average price is $278.44 and its two-hundred day moving average price is $249.21.

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.