Franklin Resources Inc. Has $281,000 Stock Holdings in Fidelity MSCI Information Technology Index ETF $FTEC

Franklin Resources Inc. decreased its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 60.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,425 shares of the company’s stock after selling 2,188 shares during the quarter. Franklin Resources Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Archer Investment Corp grew its holdings in Fidelity MSCI Information Technology Index ETF by 510.2% during the 2nd quarter. Archer Investment Corp now owns 2,343 shares of the company’s stock worth $462,000 after acquiring an additional 1,959 shares during the last quarter. MAI Capital Management increased its stake in Fidelity MSCI Information Technology Index ETF by 4.0% in the second quarter. MAI Capital Management now owns 68,221 shares of the company’s stock valued at $13,455,000 after purchasing an additional 2,612 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Fidelity MSCI Information Technology Index ETF by 11.5% in the second quarter. JPMorgan Chase & Co. now owns 135,518 shares of the company’s stock valued at $26,727,000 after acquiring an additional 13,927 shares during the period. Lodestone Wealth Management LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the second quarter valued at $202,000. Finally, Howe & Rusling Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth approximately $47,000.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC opened at $231.50 on Wednesday. The company has a market capitalization of $17.02 billion, a price-to-earnings ratio of 35.45 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a 1 year low of $134.11 and a 1 year high of $240.25. The firm’s fifty day moving average price is $226.66 and its two-hundred day moving average price is $210.62.

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.