Fidelity MSCI Information Technology Index ETF $FTEC Stake Decreased by Kraft Davis & Associates LLC

Kraft Davis & Associates LLC reduced its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 2.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 76,376 shares of the company’s stock after selling 1,826 shares during the period. Fidelity MSCI Information Technology Index ETF makes up 4.3% of Kraft Davis & Associates LLC’s investment portfolio, making the stock its 4th biggest position. Kraft Davis & Associates LLC owned about 0.10% of Fidelity MSCI Information Technology Index ETF worth $20,941,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in FTEC. TABR Capital Management LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $1,710,000. Northwestern Mutual Wealth Management Co. boosted its stake in Fidelity MSCI Information Technology Index ETF by 2.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 313,356 shares of the company’s stock worth $70,402,000 after buying an additional 7,672 shares in the last quarter. Cherry Tree Wealth Management LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the fourth quarter worth approximately $531,000. Robertson Stephens Wealth Management LLC grew its position in Fidelity MSCI Information Technology Index ETF by 97.3% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 12,657 shares of the company’s stock valued at $2,844,000 after acquiring an additional 6,242 shares during the last quarter. Finally, Jacobs Equity LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at approximately $2,794,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

FTEC stock opened at $286.99 on Tuesday. The company has a market capitalization of $21.09 billion, a PE ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a one year low of $198.17 and a one year 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.