MAI Capital Management Sells 175 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

MAI Capital Management decreased its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 6.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,689 shares of the company’s stock after selling 175 shares during the period. MAI Capital Management’s holdings in Fidelity MSCI Information Technology Index ETF were worth $469,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FTEC. Sanctuary Advisors LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the second quarter valued at $878,000. CWM LLC raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 165.8% in the 3rd quarter. CWM LLC now owns 2,278 shares of the company’s stock valued at $398,000 after buying an additional 1,421 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 0.5% during the 2nd quarter. Brookstone Capital Management now owns 29,495 shares of the company’s stock worth $5,111,000 after acquiring an additional 134 shares during the period. Fifth Third Securities Inc. boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 3.7% during the 2nd quarter. Fifth Third Securities Inc. now owns 2,158 shares of the company’s stock valued at $370,000 after acquiring an additional 76 shares in the last quarter. Finally, Secure Asset Management LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 6.4% in the third quarter. Secure Asset Management LLC now owns 16,584 shares of the company’s stock valued at $2,894,000 after acquiring an additional 1,004 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Up 0.4 %

Shares of FTEC opened at $184.90 on Friday. The company has a 50-day moving average price of $177.14 and a two-hundred day moving average price of $170.16. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 12 month low of $135.17 and a 12 month high of $186.33.

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.