Fidelity MSCI Information Technology Index ETF $FTEC Shares Sold by Kraft Davis & Associates LLC

Kraft Davis & Associates LLC decreased its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 74,187 shares of the company’s stock after selling 2,189 shares during the period. Fidelity MSCI Information Technology Index ETF makes up 4.5% of Kraft Davis & Associates LLC’s holdings, making the stock its 4th largest position. Kraft Davis & Associates LLC owned 0.10% of Fidelity MSCI Information Technology Index ETF worth $21,390,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FTEC. Highland Investment Advisors LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth $40,000. Continuum Advisory LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter worth $66,000. AdvisorNet Financial Inc grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 176.2% during the first quarter. AdvisorNet Financial Inc now owns 359 shares of the company’s stock worth $75,000 after purchasing an additional 229 shares during the period. Main Street Group LTD acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the first quarter worth $126,000. Finally, Dakota Community Bank & Trust NA bought a new stake in Fidelity MSCI Information Technology Index ETF in the first quarter valued at about $166,000.

Fidelity MSCI Information Technology Index ETF Trading Up 1.7%

NYSEARCA FTEC opened at $291.85 on Thursday. Fidelity MSCI Information Technology Index ETF has a 12 month low of $198.17 and a 12 month high of $311.83. The stock has a 50-day simple moving average of $292.40 and a 200 day simple moving average of $276.47. The company has a market capitalization of $21.66 billion, a PE ratio of 35.45 and a beta of 1.34.

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.