Stonebrook Private Inc. Sells 1,015 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Stonebrook Private Inc. decreased its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 5.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,446 shares of the company’s stock after selling 1,015 shares during the period. Stonebrook Private Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $3,243,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. IMA Advisory Services Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the first quarter valued at $25,000. Legacy Wealth Managment LLC ID purchased a new position in Fidelity MSCI Information Technology Index ETF in the 1st quarter worth about $49,000. SouthState Corp lifted its stake in Fidelity MSCI Information Technology Index ETF by 191.9% during the 1st quarter. SouthState Corp now owns 362 shares of the company’s stock valued at $58,000 after acquiring an additional 238 shares during the period. Sound Income Strategies LLC lifted its stake 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 during the period. Finally, Dagco Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at about $75,000.

Fidelity MSCI Information Technology Index ETF Price Performance

NYSEARCA FTEC opened at $218.39 on Wednesday. The business’s fifty day moving average price is $225.04 and its 200-day moving average price is $205.67. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 35.45 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.11 and a 1-year high of $240.25.

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.