Traphagen Investment Advisors LLC Sells 213 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Traphagen Investment Advisors LLC lowered its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,924 shares of the company’s stock after selling 213 shares during the quarter. 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 quarter.

A number of other institutional investors have also recently bought and sold shares of FTEC. Global Assets Advisory LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the first quarter valued at $4,592,000. Sound Income Strategies LLC raised its position in Fidelity MSCI Information Technology Index ETF by 263.4% during the first quarter. Sound Income Strategies LLC now owns 338 shares of the company’s stock valued at $53,000 after purchasing an additional 245 shares in the last quarter. Atlas Capital Advisors LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 11.3% during the 1st quarter. Atlas Capital Advisors LLC now owns 55,885 shares of the company’s stock worth $8,709,000 after buying an additional 5,690 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 3.8% in the first quarter. Sunbelt Securities Inc. now owns 13,536 shares of the company’s stock worth $2,109,000 after acquiring an additional 501 shares during the last quarter. Finally, Brookstone Capital Management boosted its position in Fidelity MSCI Information Technology Index ETF by 3.1% in the first quarter. Brookstone Capital Management now owns 29,361 shares of the company’s stock valued at $4,576,000 after buying an additional 890 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA:FTEC traded down $0.44 during midday trading on Tuesday, hitting $180.01. 48,048 shares of the stock were exchanged, compared to its average volume of 263,535. Fidelity MSCI Information Technology Index ETF has a 12 month low of $118.39 and a 12 month high of $181.49. The business’s 50-day moving average price is $171.19 and its 200 day moving average price is $165.41. The stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41.

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.