GRIMES & Co WEALTH MANAGEMENT LLC trimmed its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 57.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,876 shares of the company’s stock after selling 46,528 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $10,465,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at $1,309,000. Succession Financial Inc. bought a new position in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth $3,414,000. NewEdge Advisors LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 5.0% in the 2nd quarter. NewEdge Advisors LLC now owns 36,762 shares of the company’s stock worth $10,498,000 after buying an additional 1,744 shares during the period. IPG Investment Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth $2,353,000. Finally, Marotta Asset Management increased its stake in Fidelity MSCI Information Technology Index ETF by 4.8% in the 3rd quarter. Marotta Asset Management now owns 75,679 shares of the company’s stock worth $22,708,000 after buying an additional 3,494 shares in the last quarter.
Fidelity MSCI Information Technology Index ETF Stock Performance
Shares of FTEC stock opened at $271.58 on Tuesday. The stock has a fifty day simple moving average of $292.09 and a two-hundred day simple moving average of $261.07. The firm has a market capitalization of $20.18 billion, a PE ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a 52-week low of $198.17 and a 52-week high of $311.83.
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.
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