Traphagen Investment Advisors LLC Has $1.21 Million Stock Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Traphagen Investment Advisors LLC lessened its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,924 shares of the company’s stock after selling 213 shares during the period. Traphagen Investment Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,208,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FTEC. Sweeney & Michel LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 4.5% in the third quarter. Sweeney & Michel LLC now owns 6,679 shares of the company’s stock worth $1,199,000 after acquiring an additional 286 shares in the last quarter. Raymond James & Associates raised its holdings in Fidelity MSCI Information Technology Index ETF by 40.5% during the third quarter. Raymond James & Associates now owns 31,741 shares of the company’s stock valued at $5,539,000 after buying an additional 9,150 shares in the last quarter. Stratos Investment Management LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth about $282,000. Stratos Wealth Advisors LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 4.3% in the third quarter. Stratos Wealth Advisors LLC now owns 2,746 shares of the company’s stock valued at $479,000 after acquiring an additional 114 shares during the period. Finally, OmniStar Financial Group Inc. grew its position in Fidelity MSCI Information Technology Index ETF by 7.4% in the 3rd quarter. OmniStar Financial Group Inc. now owns 3,303 shares of the company’s stock worth $578,000 after purchasing an additional 227 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA FTEC traded down $0.44 during trading hours on Tuesday, reaching $180.01. The stock had a trading volume of 48,048 shares, compared to its average volume of 263,535. Fidelity MSCI Information Technology Index ETF has a twelve month low of $118.39 and a twelve month high of $181.49. The company has a market cap of $11.21 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. The business’s fifty day moving average is $171.19 and its two-hundred day moving average is $165.41.

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.