Traynor Capital Management Inc. Sells 2,580 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Traynor Capital Management Inc. lowered its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 6.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 36,067 shares of the company’s stock after selling 2,580 shares during the quarter. Traynor Capital Management Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $6,668,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 46,646.4% in the 3rd 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 in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter worth about $23,275,000. Eaton Financial Holdings Company LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at approximately $12,347,000. Mirae Asset Global Investments Co. Ltd. grew its position in Fidelity MSCI Information Technology Index ETF by 93.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,320 shares of the company’s stock worth $17,096,000 after purchasing an additional 47,500 shares during the last quarter. Finally, Goldstone Financial Group LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at approximately $7,664,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Fidelity MSCI Information Technology Index ETF stock opened at $192.02 on Thursday. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $142.12 and a fifty-two week high of $192.96. The company has a market cap of $11.96 billion, a PE ratio of 37.14 and a beta of 1.41. The business’s 50-day simple moving average is $186.67 and its two-hundred day simple moving average is $177.06.

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.