NewEdge Advisors LLC Sells 19,287 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

NewEdge Advisors LLC trimmed its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 40.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,125 shares of the company’s stock after selling 19,287 shares during the quarter. 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 SEC.

Several other hedge funds have also recently bought and sold shares of FTEC. Claris Financial LLC boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 68.2% in the first quarter. Claris Financial LLC now owns 10,143 shares of the company’s stock valued at $2,110,000 after buying an additional 4,111 shares during the period. Sunbelt Securities Inc. raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 2.2% in the 1st quarter. Sunbelt Securities Inc. now owns 18,418 shares of the company’s stock valued at $3,832,000 after purchasing an additional 403 shares during the period. Talon Private Wealth LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at about $317,000. Eley Financial Management Inc lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 0.3% in the first quarter. Eley Financial Management Inc now owns 15,409 shares of the company’s stock valued at $3,206,000 after purchasing an additional 41 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2.7% in the first quarter. Quantinno Capital Management LP now owns 50,899 shares of the company’s stock valued at $10,590,000 after purchasing an additional 1,327 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC stock opened at $271.06 on Friday. The stock has a market capitalization of $19.92 billion, a P/E ratio of 35.45 and a beta of 1.34. The business has a 50-day moving average of $278.55 and a 200-day moving average of $246.41. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $198.17 and a fifty-two week high of $300.79.

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.