Quadrature Capital Ltd Decreases Stake in Fidelity MSCI Information Technology Index ETF $FTEC

Quadrature Capital Ltd cut its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 78.5% during the second quarter, HoldingsChannel.com reports. The firm owned 2,537 shares of the company’s stock after selling 9,279 shares during the period. Quadrature Capital Ltd’s holdings in Fidelity MSCI Information Technology Index ETF were worth $500,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Scotia Capital Inc. purchased a new stake in Fidelity MSCI Information Technology Index ETF during the second quarter worth about $232,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 26.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 292,925 shares of the company’s stock valued at $57,771,000 after acquiring an additional 61,522 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth approximately $87,000. J.W. Cole Advisors Inc. grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 264.2% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 35,265 shares of the company’s stock worth $6,955,000 after acquiring an additional 25,583 shares during the period. Finally, Armor Investment Advisors LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 1.0% in the 2nd quarter. Armor Investment Advisors LLC now owns 82,569 shares of the company’s stock worth $16,284,000 after acquiring an additional 845 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC stock opened at $226.50 on Wednesday. The stock has a fifty day moving average price of $225.78 and a 200 day moving average price of $208.89. The stock has a market cap of $16.65 billion, a PE ratio of 35.45 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a 1 year low of $134.11 and a 1 year high of $240.25.

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.