Fingerlakes Wealth Management Inc. Raises Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Fingerlakes Wealth Management Inc. grew its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 13.3% in the second quarter, HoldingsChannel.com reports. The fund owned 19,881 shares of the company’s stock after buying an additional 2,331 shares during the quarter. Fidelity MSCI Information Technology Index ETF comprises 3.1% of Fingerlakes Wealth Management Inc.’s portfolio, making the stock its 6th biggest position. Fingerlakes Wealth Management Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $3,410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank of New Hampshire bought a new stake in Fidelity MSCI Information Technology Index ETF during the 1st quarter worth about $25,000. Ables Iannone Moore & Associates Inc. bought a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth approximately $34,000. Lynx Investment Advisory bought a new position in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth approximately $37,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth $43,000. Finally, Strategic Financial Concepts LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at $43,000.

Fidelity MSCI Information Technology Index ETF Stock Up 2.9 %

FTEC stock opened at $166.96 on Thursday. Fidelity MSCI Information Technology Index ETF has a twelve month low of $118.39 and a twelve month high of $181.11. The company has a market cap of $10.40 billion, a P/E ratio of 37.14 and a beta of 1.41. The business has a fifty day moving average of $168.26 and a 200-day moving average of $161.64.

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.