Endowment Wealth Management Inc. Sells 265 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Endowment Wealth Management Inc. trimmed its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 16.5% in the second quarter, HoldingsChannel reports. The firm owned 1,340 shares of the company’s stock after selling 265 shares during the quarter. Endowment Wealth Management Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. bought a new position in Fidelity MSCI Information Technology Index ETF during the first quarter worth $25,000. Legacy Wealth Managment LLC ID bought a new position in Fidelity MSCI Information Technology Index ETF during the first quarter worth $49,000. Whittier Trust Co. bought a new position in Fidelity MSCI Information Technology Index ETF during the first quarter worth $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the first quarter worth $51,000. Finally, Sound Income Strategies LLC boosted its position in Fidelity MSCI Information Technology Index ETF by 20.8% during the second quarter. Sound Income Strategies LLC now owns 319 shares of the company’s stock worth $63,000 after purchasing an additional 55 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC stock opened at $219.27 on Monday. The company has a fifty day moving average price of $213.41 and a two-hundred day moving average price of $191.49. 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 $15.96 billion, a price-to-earnings ratio of 35.45 and a beta of 1.16.

Fidelity MSCI Information Technology Index ETF Company 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.