Arkadios Wealth Advisors Sells 696 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Arkadios Wealth Advisors decreased its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 11.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,569 shares of the company’s stock after selling 696 shares during the period. Arkadios Wealth Advisors’ holdings in Fidelity MSCI Information Technology Index ETF were worth $955,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New Hampshire bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at $25,000. Lynx Investment Advisory bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the second quarter worth $37,000. Ables Iannone Moore & Associates Inc. purchased a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at $34,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at about $43,000. Finally, McClarren Financial Advisors Inc. lifted its holdings in Fidelity MSCI Information Technology Index ETF by 488.7% in the first quarter. McClarren Financial Advisors Inc. now owns 312 shares of the company’s stock valued at $490,000 after acquiring an additional 259 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Up 0.9 %

Shares of Fidelity MSCI Information Technology Index ETF stock traded up $1.56 during trading hours on Friday, reaching $170.40. 28,909 shares of the stock traded hands, compared to its average volume of 279,208. Fidelity MSCI Information Technology Index ETF has a one year low of $118.39 and a one year high of $181.11. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. The company has a 50 day moving average price of $169.69 and a 200 day moving average price of $160.78.

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.