Sax Wealth Advisors LLC acquired a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,981 shares of the company’s stock, valued at approximately $785,000.
A number of other hedge funds also recently added to or reduced their stakes in the company. SteelPeak Wealth LLC purchased a new position in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth approximately $14,173,000. Heck Capital Advisors LLC raised its holdings in Fidelity MSCI Information Technology Index ETF by 1.7% in the 2nd quarter. Heck Capital Advisors LLC now owns 22,971 shares of the company’s stock worth $4,530,000 after acquiring an additional 379 shares during the last quarter. Belpointe Asset Management LLC raised its holdings in Fidelity MSCI Information Technology Index ETF by 2.3% in the 2nd quarter. Belpointe Asset Management LLC now owns 6,797 shares of the company’s stock worth $1,341,000 after acquiring an additional 155 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in Fidelity MSCI Information Technology Index ETF by 6.4% in the 2nd quarter. DAVENPORT & Co LLC now owns 10,430 shares of the company’s stock worth $2,057,000 after acquiring an additional 624 shares during the last quarter. Finally, Grimes & Company Inc. purchased a new position in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth approximately $7,908,000.
Fidelity MSCI Information Technology Index ETF Stock Up 1.8%
Shares of NYSEARCA FTEC opened at $228.78 on Thursday. Fidelity MSCI Information Technology Index ETF has a twelve month low of $134.11 and a twelve month high of $228.78. The firm has a market cap of $16.63 billion, a P/E ratio of 35.45 and a beta of 1.16. The company has a 50 day moving average of $212.58 and a 200 day moving average of $190.42.
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.
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