Mercer Global Advisors Inc. ADV Sells 1,477 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Mercer Global Advisors Inc. ADV lowered its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 12.3% during the 2nd quarter, Holdings Channel reports. The firm owned 10,485 shares of the company’s stock after selling 1,477 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,798,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Bank of New Hampshire purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 1st quarter worth $25,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at about $34,000. Lynx Investment Advisory bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the second quarter valued at about $37,000. Strategic Financial Concepts LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the second quarter worth about $43,000. Finally, ICA Group Wealth Management LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth about $49,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA FTEC opened at $171.46 on Tuesday. Fidelity MSCI Information Technology Index ETF has a one year low of $118.39 and a one year high of $181.11. The company has a market capitalization of $10.68 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. The company’s 50-day simple moving average is $166.88 and its two-hundred day simple moving average is $162.53.

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.