Fidelity MSCI Information Technology Index ETF $FTEC Stock Purchased by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC grew its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 21.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,550 shares of the company’s stock after acquiring an additional 3,060 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $5,266,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FTEC. Highland Investment Advisors LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter valued at approximately $40,000. Continuum Advisory LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the second quarter worth $66,000. MidFirst Bank acquired a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth $73,000. AdvisorNet Financial Inc boosted its stake in Fidelity MSCI Information Technology Index ETF by 176.2% during the first quarter. AdvisorNet Financial Inc now owns 359 shares of the company’s stock worth $75,000 after buying an additional 229 shares in the last quarter. Finally, Motiv8 Investments LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth $81,000.

Fidelity MSCI Information Technology Index ETF Stock Down 0.3%

Fidelity MSCI Information Technology Index ETF stock traded down $0.86 on Tuesday, hitting $301.06. The company’s stock had a trading volume of 151,208 shares, compared to its average volume of 363,010. The firm has a market cap of $22.22 billion, a P/E ratio of 35.45 and a beta of 1.34. The company has a fifty day moving average price of $291.91 and a 200-day moving average price of $272.38. Fidelity MSCI Information Technology Index ETF has a one year low of $198.17 and a one year high of $311.83.

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.