Fidelity MSCI Information Technology Index ETF $FTEC Shares Sold by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC decreased its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 9.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,574 shares of the company’s stock after selling 159 shares during the period. Galvin Gaustad & Stein LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $310,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. IMA Advisory Services Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at about $25,000. NBC Securities Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at about $46,000. Legacy Wealth Managment LLC ID acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at about $49,000. Whittier Trust Co. acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at about $50,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at about $51,000.

Fidelity MSCI Information Technology Index ETF Trading Down 4.1%

FTEC stock opened at $219.27 on Friday. The company has a market cap of $15.94 billion, a price-to-earnings ratio of 35.45 and a beta of 1.16. Fidelity MSCI Information Technology Index ETF has a 12 month low of $134.11 and a 12 month high of $229.78. The firm has a 50-day moving average of $213.41 and a two-hundred day moving average of $191.14.

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.