Focus Financial Network Inc. Has $1.39 Million Stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Focus Financial Network Inc. reduced its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 34.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,967 shares of the company’s stock after selling 4,178 shares during the period. Focus Financial Network Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,390,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FTEC. Commonwealth Equity Services LLC boosted its position in Fidelity MSCI Information Technology Index ETF by 2.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 843,576 shares of the company’s stock worth $144,690,000 after acquiring an additional 20,151 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 46,646.4% during the third quarter. International Assets Investment Management LLC now owns 811,050 shares of the company’s stock worth $1,415,280,000 after purchasing an additional 809,315 shares during the last quarter. LPL Financial LLC grew its position in Fidelity MSCI Information Technology Index ETF by 1.5% in the second quarter. LPL Financial LLC now owns 278,685 shares of the company’s stock valued at $47,800,000 after purchasing an additional 4,017 shares in the last quarter. AGF Management Ltd. increased its stake in Fidelity MSCI Information Technology Index ETF by 18.4% in the 2nd quarter. AGF Management Ltd. now owns 263,567 shares of the company’s stock valued at $45,207,000 after buying an additional 40,910 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at $23,275,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Fidelity MSCI Information Technology Index ETF stock opened at $174.50 on Friday. The company has a market cap of $10.87 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. The firm has a 50-day moving average of $172.64 and a 200-day moving average of $166.78. Fidelity MSCI Information Technology Index ETF has a one year low of $124.60 and a one year high of $181.99.

Fidelity MSCI Information Technology Index ETF 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.