Fidelity MSCI Information Technology Index ETF $FTEC Shares Newly Acquired by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC bought a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,583 shares of the company’s stock, valued at approximately $4,676,000. Fidelity MSCI Information Technology Index ETF comprises approximately 1.4% of Samalin Investment Counsel LLC’s holdings, making the stock its 11th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Barrett & Company Inc. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter valued at about $29,000. McCarley & Cook Financial Planners purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at approximately $31,000. Highland Investment Advisors LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at approximately $40,000. Valley National Advisers Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at approximately $53,000. Finally, Continuum Advisory LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at approximately $66,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC stock opened at $284.35 on Monday. The firm’s 50 day moving average price is $292.03 and its 200-day moving average price is $277.47. Fidelity MSCI Information Technology Index ETF has a one year low of $198.17 and a one year high of $311.83. The firm has a market cap of $21.13 billion, a P/E ratio of 35.45 and a beta of 1.34.

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.