Siligmueller & Norvid Wealth Advisors LLC Invests $607,000 in Fidelity MSCI Information Technology Index ETF $FTEC

Siligmueller & Norvid Wealth Advisors LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the 3rd quarter, Holdings Channel reports. The firm acquired 2,731 shares of the company’s stock, valued at approximately $607,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AlphaCore Capital LLC bought a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at $26,000. Bessemer Group Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth about $26,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the third quarter valued at about $32,000. First Horizon Corp bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $34,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF during the third quarter worth about $41,000.

Fidelity MSCI Information Technology Index ETF Stock Up 0.5%

Shares of FTEC opened at $220.32 on Friday. The stock’s 50-day moving average price is $223.99 and its 200 day moving average price is $221.41. The firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of 35.45 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a 12-month low of $134.11 and a 12-month high of $240.25.

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.