Beaumont Financial Advisors LLC Sells 2,355 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Beaumont Financial Advisors LLC trimmed its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 9.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,790 shares of the company’s stock after selling 2,355 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $5,285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FTEC. Lido Advisors LLC raised its holdings in Fidelity MSCI Information Technology Index ETF by 3.2% in the 2nd quarter. Lido Advisors LLC now owns 2,092,518 shares of the company’s stock worth $412,687,000 after acquiring an additional 64,807 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Fidelity MSCI Information Technology Index ETF by 8.8% during the third quarter. Commonwealth Equity Services LLC now owns 718,643 shares of the company’s stock valued at $159,661,000 after acquiring an additional 58,076 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Fidelity MSCI Information Technology Index ETF by 23.9% in the second quarter. Envestnet Asset Management Inc. now owns 659,540 shares of the company’s stock valued at $130,074,000 after purchasing an additional 127,232 shares during the last quarter. AGF Management Ltd. grew its position in shares of Fidelity MSCI Information Technology Index ETF by 1.5% in the second quarter. AGF Management Ltd. now owns 617,076 shares of the company’s stock valued at $121,700,000 after purchasing an additional 9,114 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 26.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 292,925 shares of the company’s stock worth $57,771,000 after purchasing an additional 61,522 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

NYSEARCA FTEC opened at $224.89 on Friday. The stock has a 50-day simple moving average of $226.10 and a 200 day simple moving average of $216.58. Fidelity MSCI Information Technology Index ETF has a twelve month low of $134.11 and a twelve month high of $240.25. The stock has a market capitalization of $16.69 billion, a PE ratio of 35.45 and a beta of 1.24.

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.