Purkiss Capital Advisors LLC Sells 1,096 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Purkiss Capital Advisors LLC lowered its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 11.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,427 shares of the company’s stock after selling 1,096 shares during the quarter. Fidelity MSCI Information Technology Index ETF comprises approximately 0.9% of Purkiss Capital Advisors LLC’s holdings, making the stock its 23rd largest holding. Purkiss Capital Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,662,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. IMA Advisory Services Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter worth about $25,000. Legacy Wealth Managment LLC ID acquired a new stake in Fidelity MSCI Information Technology Index ETF during the first quarter worth about $49,000. Whittier Trust Co. acquired a new stake in Fidelity MSCI Information Technology Index ETF during the first quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the first quarter valued at about $51,000. Finally, Sound Income Strategies LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 20.8% during the second quarter. Sound Income Strategies LLC now owns 319 shares of the company’s stock valued at $63,000 after acquiring an additional 55 shares during the period.

Fidelity MSCI Information Technology Index ETF Trading Up 1.8%

Shares of FTEC stock opened at $234.79 on Tuesday. The stock has a 50 day moving average of $217.54 and a two-hundred day moving average of $197.11. Fidelity MSCI Information Technology Index ETF has a 12 month low of $134.11 and a 12 month high of $234.90. The company has a market capitalization of $17.23 billion, a P/E ratio of 35.45 and a beta of 1.24.

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.