Parallel Advisors LLC reduced its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,467 shares of the company’s stock after selling 89 shares during the quarter. Parallel Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New Hampshire bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the first quarter valued at $25,000. Lynx Investment Advisory bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the second quarter valued at $37,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at $34,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at $43,000. Finally, McClarren Financial Advisors Inc. lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 488.7% during the first quarter. McClarren Financial Advisors Inc. now owns 312 shares of the company’s stock valued at $490,000 after purchasing an additional 259 shares in the last quarter.
Fidelity MSCI Information Technology Index ETF Stock Performance
FTEC stock opened at $168.22 on Wednesday. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $118.39 and a fifty-two week high of $181.11. The business’s 50-day moving average is $167.53 and its two-hundred day moving average is $162.10. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41.
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.
Further Reading
- Five stocks we like better than Fidelity MSCI Information Technology Index ETF
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion?
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge
- Airline Stocks – Top Airline Stocks to Buy Now
- Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker
Want to see what other hedge funds are holding FTEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report).
Receive News & Ratings for Fidelity MSCI Information Technology Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity MSCI Information Technology Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.