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

Archer Investment Corp cut its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 12.9% in the third quarter, according to its most recent disclosure with the SEC. The firm 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.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 46,646.4% during the 3rd quarter. International Assets Investment Management LLC now owns 811,050 shares of the company’s stock worth $1,415,280,000 after buying an additional 809,315 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth $23,275,000. Cetera Investment Advisers grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 130.8% during the first quarter. Cetera Investment Advisers now owns 95,511 shares of the company’s stock worth $14,884,000 after buying an additional 54,133 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Fidelity MSCI Information Technology Index ETF by 93.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,320 shares of the company’s stock valued at $17,096,000 after buying an additional 47,500 shares during the last quarter. Finally, AGF Management Ltd. lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 18.4% in the second quarter. AGF Management Ltd. now owns 263,567 shares of the company’s stock worth $45,207,000 after buying an additional 40,910 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 2.4 %

FTEC stock opened at $179.39 on Friday. The firm has a 50-day moving average of $175.32 and a two-hundred 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. The company has a market cap of $11.18 billion, a price-to-earnings 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.