CAP Partners LLC Decreases Stock Position in Fidelity MSCI Information Technology Index ETF $FTEC

CAP Partners LLC cut its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 7.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,736 shares of the company’s stock after selling 613 shares during the quarter. Fidelity MSCI Information Technology Index ETF comprises 1.0% of CAP Partners LLC’s holdings, making the stock its 29th largest position. CAP Partners LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Exencial Wealth Advisors LLC raised its stake in Fidelity MSCI Information Technology Index ETF by 4.1% in the second quarter. Exencial Wealth Advisors LLC now owns 1,996 shares of the company’s stock valued at $394,000 after buying an additional 78 shares during the last quarter. Retirement Planning Group LLC raised its stake in Fidelity MSCI Information Technology Index ETF by 8.7% in the second quarter. Retirement Planning Group LLC now owns 4,674 shares of the company’s stock valued at $922,000 after buying an additional 376 shares during the last quarter. Pacific Sun Financial Corp raised its stake in Fidelity MSCI Information Technology Index ETF by 8.3% in the second quarter. Pacific Sun Financial Corp now owns 2,390 shares of the company’s stock valued at $471,000 after buying an additional 183 shares during the last quarter. Financial Perspectives Inc raised its stake in Fidelity MSCI Information Technology Index ETF by 1.1% in the second quarter. Financial Perspectives Inc now owns 28,454 shares of the company’s stock valued at $5,612,000 after buying an additional 312 shares during the last quarter. Finally, WBH Advisory Inc. purchased a new stake in Fidelity MSCI Information Technology Index ETF in the second quarter valued at about $329,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Fidelity MSCI Information Technology Index ETF stock opened at $227.04 on Friday. The stock has a 50-day moving average of $216.58 and a two-hundred day moving average of $195.31. Fidelity MSCI Information Technology Index ETF has a one year low of $134.11 and a one year high of $229.78. The stock has a market cap of $16.60 billion, a PE 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.