Royal Bank of Canada Has $12.21 Million Position in Fidelity MSCI Information Technology Index ETF $FTEC

Royal Bank of Canada lessened its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 28.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 58,694 shares of the company’s stock after selling 23,507 shares during the period. Royal Bank of Canada’s holdings in Fidelity MSCI Information Technology Index ETF were worth $12,211,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FTEC. Eley Financial Management Inc boosted its holdings in Fidelity MSCI Information Technology Index ETF by 0.3% in the first quarter. Eley Financial Management Inc now owns 15,409 shares of the company’s stock valued at $3,206,000 after acquiring an additional 41 shares during the last quarter. Quantinno Capital Management LP raised its holdings in Fidelity MSCI Information Technology Index ETF by 2.7% during the 1st quarter. Quantinno Capital Management LP now owns 50,899 shares of the company’s stock worth $10,590,000 after purchasing an additional 1,327 shares during the last quarter. Morningstar Investment Management LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 24.0% in the 1st quarter. Morningstar Investment Management LLC now owns 117,953 shares of the company’s stock worth $24,540,000 after purchasing an additional 22,808 shares during the period. Lido Advisors LLC boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 3.6% in the 1st quarter. Lido Advisors LLC now owns 2,175,818 shares of the company’s stock valued at $452,679,000 after purchasing an additional 75,631 shares during the last quarter. Finally, Aureus Asset Management LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the first quarter worth $477,000.

Fidelity MSCI Information Technology Index ETF Stock Up 1.5%

Shares of NYSEARCA FTEC opened at $289.84 on Friday. The company has a market capitalization of $21.30 billion, a PE ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a twelve month low of $198.17 and a twelve month high of $300.79. The firm has a fifty day simple moving average of $278.63 and a 200 day simple moving average of $248.59.

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.