Freedom Investment Management Inc. Cuts Position in Fidelity MSCI Information Technology Index ETF $FTEC

Freedom Investment Management Inc. reduced its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 21.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 53,359 shares of the company’s stock after selling 14,929 shares during the period. Fidelity MSCI Information Technology Index ETF accounts for approximately 0.8% of Freedom Investment Management Inc.’s investment portfolio, making the stock its 22nd largest holding. Freedom Investment Management Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $10,523,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sound Income Strategies LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 20.8% during the 2nd quarter. Sound Income Strategies LLC now owns 319 shares of the company’s stock valued at $63,000 after acquiring an additional 55 shares in the last quarter. OMNI 360 Wealth Inc. increased its holdings in Fidelity MSCI Information Technology Index ETF by 3.6% during the 2nd quarter. OMNI 360 Wealth Inc. now owns 1,899 shares of the company’s stock valued at $374,000 after acquiring an additional 66 shares in the last quarter. RFG Advisory LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 0.8% during the 2nd quarter. RFG Advisory LLC now owns 8,804 shares of the company’s stock valued at $1,736,000 after acquiring an additional 71 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in Fidelity MSCI Information Technology Index ETF by 0.4% during the 1st quarter. Chicago Partners Investment Group LLC now owns 19,433 shares of the company’s stock valued at $3,264,000 after acquiring an additional 74 shares in the last quarter. Finally, Valley Brook Capital Group Inc. increased its holdings in Fidelity MSCI Information Technology Index ETF by 3.5% during the 1st quarter. Valley Brook Capital Group Inc. now owns 2,248 shares of the company’s stock valued at $363,000 after acquiring an additional 75 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 1.2%

NYSEARCA:FTEC opened at $223.99 on Thursday. The firm has a 50-day moving average price of $216.23 and a two-hundred day moving average price of $194.73. Fidelity MSCI Information Technology Index ETF has a twelve month low of $134.11 and a twelve month high of $229.78. The company has a market capitalization of $16.37 billion, a P/E 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.