Prime Capital Investment Advisors LLC Reduces Position in Fidelity MSCI Information Technology Index ETF $FTEC

Prime Capital Investment Advisors LLC lessened its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 17.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,955 shares of the company’s stock after selling 607 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of FTEC. IMA Advisory Services Inc. purchased a new position in Fidelity MSCI Information Technology Index ETF during the first quarter valued at $25,000. NBC Securities Inc. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at about $46,000. Legacy Wealth Managment LLC ID purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at about $49,000. Whittier Trust Co. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at about $50,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the first quarter valued at approximately $51,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA:FTEC opened at $219.27 on Friday. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.11 and a 1-year high of $229.78. The company has a market capitalization of $15.94 billion, a P/E ratio of 35.45 and a beta of 1.16. The firm’s 50 day simple moving average is $213.41 and its two-hundred day simple moving average is $191.14.

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.