Mascoma Wealth Management LLC Lowers Stake in Fidelity MSCI Information Technology Index ETF $FTEC

Mascoma Wealth Management LLC lessened its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 8.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 900 shares of the company’s stock after selling 80 shares during the period. Mascoma Wealth Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $177,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FTEC. Brighton Jones LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 8.8% in the fourth quarter. Brighton Jones LLC now owns 18,113 shares of the company’s stock worth $3,349,000 after buying an additional 1,458 shares during the period. NBC Securities Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the first quarter worth about $46,000. Merit Financial Group LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 8.9% in the first quarter. Merit Financial Group LLC now owns 1,895 shares of the company’s stock worth $306,000 after buying an additional 155 shares during the period. SeaCrest Wealth Management LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 2.4% in the first quarter. SeaCrest Wealth Management LLC now owns 5,808 shares of the company’s stock worth $937,000 after buying an additional 137 shares during the period. Finally, Charter Oak Capital Management LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 42.6% in the first quarter. Charter Oak Capital Management LLC now owns 1,677 shares of the company’s stock worth $270,000 after buying an additional 501 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA FTEC opened at $224.99 on Friday. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.11 and a 1-year high of $227.13. The business has a 50-day moving average of $211.35 and a 200-day moving average of $189.34. The company has a market capitalization of $16.36 billion, a price-to-earnings ratio of 35.45 and a beta of 1.16.

About Fidelity MSCI Information Technology Index ETF

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.