Waverly Advisors LLC lowered its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 84.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,624 shares of the company’s stock after selling 14,141 shares during the quarter. Waverly Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $546,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in FTEC. Wealth Watch Advisors INC bought a new stake in Fidelity MSCI Information Technology Index ETF during the third quarter valued at $30,000. Elyxium Wealth LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth about $37,000. SouthState Bank Corp purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at about $50,000. Strategic Advocates LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 76.4% in the 4th quarter. Strategic Advocates LLC now owns 247 shares of the company’s stock valued at $56,000 after acquiring an additional 107 shares in the last quarter. Finally, MidFirst Bank bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $73,000.
Fidelity MSCI Information Technology Index ETF Stock Performance
Shares of FTEC opened at $270.10 on Monday. Fidelity MSCI Information Technology Index ETF has a 12-month low of $198.17 and a 12-month high of $300.79. The company has a market cap of $19.85 billion, a PE ratio of 35.45 and a beta of 1.34. The stock has a 50-day moving average price of $278.42 and a 200-day moving average price of $246.70.
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.
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