Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Sold by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC trimmed its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1.6% in the third quarter, HoldingsChannel.com reports. The firm owned 4,186 shares of the company’s stock after selling 67 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $731,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 843,576 shares of the company’s stock valued at $144,690,000 after buying an additional 20,151 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Fidelity MSCI Information Technology Index ETF by 46,646.4% in the third quarter. International Assets Investment Management LLC now owns 811,050 shares of the company’s stock valued at $1,415,280,000 after acquiring an additional 809,315 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 1.5% during the second quarter. LPL Financial LLC now owns 278,685 shares of the company’s stock worth $47,800,000 after purchasing an additional 4,017 shares during the last quarter. AGF Management Ltd. increased its position in shares of Fidelity MSCI Information Technology Index ETF by 18.4% during the second quarter. AGF Management Ltd. now owns 263,567 shares of the company’s stock worth $45,207,000 after purchasing an additional 40,910 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at about $23,275,000.

Fidelity MSCI Information Technology Index ETF Stock Up 3.1 %

Shares of NYSEARCA FTEC opened at $182.21 on Thursday. The stock has a market cap of $11.35 billion, a PE ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 52-week low of $128.17 and a 52-week high of $182.59. The business has a 50-day moving average price of $173.07 and a 200 day moving average price of $167.57.

Fidelity MSCI Information Technology Index ETF 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.