Financial Partners Group Inc Decreases Stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Financial Partners Group Inc cut its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,159 shares of the company’s stock after selling 852 shares during the period. Fidelity MSCI Information Technology Index ETF accounts for 2.9% of Financial Partners Group Inc’s investment portfolio, making the stock its 12th largest holding. Financial Partners Group Inc owned approximately 0.17% of Fidelity MSCI Information Technology Index ETF worth $18,380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 56.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,355 shares of the company’s stock valued at $482,000 after buying an additional 1,207 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at about $297,000. Key Financial Inc acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter worth about $38,000. Western Wealth Management LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth approximately $201,000. Finally, Kraft Davis & Associates LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 2.1% in the fourth quarter. Kraft Davis & Associates LLC now owns 79,022 shares of the company’s stock valued at $11,826,000 after purchasing an additional 1,592 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA:FTEC traded up $0.40 during trading on Friday, hitting $170.26. 204,756 shares of the company were exchanged, compared to its average volume of 282,640. The firm’s 50 day moving average price is $169.73 and its 200-day moving average price is $159.65. Fidelity MSCI Information Technology Index ETF has a 12-month low of $118.39 and a 12-month high of $181.11. The stock has a market capitalization of $10.61 billion, a P/E ratio of 37.14 and a beta of 1.41.

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.