Foundations Investment Advisors LLC Sells 4,096 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Foundations Investment Advisors LLC trimmed its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 33.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 8,023 shares of the company’s stock after selling 4,096 shares during the period. Foundations Investment Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,783,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the business. Lido Advisors LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF by 3.2% in the second quarter. Lido Advisors LLC now owns 2,092,518 shares of the company’s stock valued at $412,687,000 after buying an additional 64,807 shares during the period. Commonwealth Equity Services LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 8.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 718,643 shares of the company’s stock worth $159,661,000 after purchasing an additional 58,076 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Fidelity MSCI Information Technology Index ETF by 23.9% during the second quarter. Envestnet Asset Management Inc. now owns 659,540 shares of the company’s stock worth $130,074,000 after acquiring an additional 127,232 shares in the last quarter. AGF Management Ltd. increased its holdings in Fidelity MSCI Information Technology Index ETF by 1.5% during the 2nd quarter. AGF Management Ltd. now owns 617,076 shares of the company’s stock worth $121,700,000 after purchasing an additional 9,114 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 26.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 292,925 shares of the company’s stock worth $57,771,000 after buying an additional 61,522 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Down 1.8%

NYSEARCA FTEC opened at $222.96 on Friday. The company has a market capitalization of $16.59 billion, a PE ratio of 35.45 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a 12-month low of $134.11 and a 12-month high of $240.25. The firm’s 50 day moving average is $226.04 and its 200-day moving average is $219.80.

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.