Traynor Capital Management Inc. Sells 2,580 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Traynor Capital Management Inc. decreased its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,067 shares of the company’s stock after selling 2,580 shares during the quarter. Traynor Capital Management Inc. owned 0.06% of Fidelity MSCI Information Technology Index ETF worth $6,668,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Aptus Capital Advisors LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 67.3% in the third quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock worth $29,000 after purchasing an additional 68 shares during the period. Capital Advisors Inc. OK lifted its holdings in Fidelity MSCI Information Technology Index ETF by 4.0% during the 3rd quarter. Capital Advisors Inc. OK now owns 1,933 shares of the company’s stock valued at $337,000 after buying an additional 74 shares in the last quarter. Accelerate Investment Advisors LLC boosted its position in Fidelity MSCI Information Technology Index ETF by 7.6% in the 4th quarter. Accelerate Investment Advisors LLC now owns 1,333 shares of the company’s stock valued at $247,000 after buying an additional 94 shares during the period. Independent Wealth Network Inc. grew its stake in Fidelity MSCI Information Technology Index ETF by 5.3% in the 4th quarter. Independent Wealth Network Inc. now owns 1,988 shares of the company’s stock worth $368,000 after acquiring an additional 100 shares in the last quarter. Finally, Pathway Financial Advisers LLC grew its stake in Fidelity MSCI Information Technology Index ETF by 11.5% in the 2nd quarter. Pathway Financial Advisers LLC now owns 1,028 shares of the company’s stock worth $176,000 after acquiring an additional 106 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC opened at $192.02 on Thursday. The stock has a 50 day moving average price of $186.67 and a 200 day moving average price of $177.06. The firm has a market capitalization of $11.96 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 52-week low of $142.12 and a 52-week high of $192.96.

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.