Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Sold by Archer Investment Corp

Archer Investment Corp cut its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 12.9% during the third quarter, HoldingsChannel reports. The fund owned 962 shares of the company’s stock after selling 142 shares during the period. Archer Investment Corp’s holdings in Fidelity MSCI Information Technology Index ETF were worth $168,000 at the end of the most recent quarter.

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

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $179.39 on Friday. The stock has a market capitalization of $11.18 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. The business has a 50-day moving average of $175.32 and a 200 day moving average of $169.01. Fidelity MSCI Information Technology Index ETF has a 12 month low of $134.55 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.