Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Sold by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC decreased its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 22.5% during the third quarter, Holdings Channel reports. The institutional investor owned 1,678 shares of the company’s stock after selling 488 shares during the quarter. Galvin Gaustad & Stein LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC purchased a new position in Fidelity MSCI Information Technology Index ETF in the second quarter worth approximately $32,000. Lynx Investment Advisory purchased a new position in Fidelity MSCI Information Technology Index ETF in the second quarter valued at $37,000. Advisors Preferred LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the first quarter worth about $63,000. Voisard Asset Management Group Inc. acquired a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $89,000. Finally, McClarren Financial Advisors Inc. grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 851.9% during the second quarter. McClarren Financial Advisors Inc. now owns 514 shares of the company’s stock worth $88,000 after purchasing an additional 460 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Down 0.1 %

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $185.81 on Friday. Fidelity MSCI Information Technology Index ETF has a 52 week low of $129.12 and a 52 week high of $186.33. The firm has a market capitalization of $11.58 billion, a P/E ratio of 37.14 and a beta of 1.41. The firm’s 50 day moving average is $173.72 and its two-hundred day moving average is $168.14.

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.