Sax Wealth Advisors LLC Buys 3,060 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Sax Wealth Advisors LLC lifted its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 21.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 17,550 shares of the company’s stock after buying 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 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FTEC. Strengthening Families & Communities LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 2.5% during the 2nd quarter. Strengthening Families & Communities LLC now owns 1,520 shares of the company’s stock worth $434,000 after buying an additional 37 shares during the period. Venture Visionary Partners LLC grew its position in Fidelity MSCI Information Technology Index ETF by 4.5% in the third quarter. Venture Visionary Partners LLC now owns 925 shares of the company’s stock valued at $278,000 after acquiring an additional 40 shares during the period. Eley Financial Management Inc grew its position in Fidelity MSCI Information Technology Index ETF by 0.3% in the first quarter. Eley Financial Management Inc now owns 15,409 shares of the company’s stock valued at $3,206,000 after acquiring an additional 41 shares during the period. Walkner Condon Financial Advisors LLC grew its position in Fidelity MSCI Information Technology Index ETF by 5.1% in the first quarter. Walkner Condon Financial Advisors LLC now owns 969 shares of the company’s stock valued at $202,000 after acquiring an additional 47 shares during the period. Finally, Daviman Financial LLC grew its position in Fidelity MSCI Information Technology Index ETF by 8.8% in the first quarter. Daviman Financial LLC now owns 1,005 shares of the company’s stock valued at $209,000 after acquiring an additional 81 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Down 0.3%

Fidelity MSCI Information Technology Index ETF stock traded down $0.86 during mid-day trading on Tuesday, hitting $301.06. 151,208 shares of the company were exchanged, compared to its average volume of 363,010. The business has a fifty day moving average of $291.91 and a 200 day moving average of $272.38. Fidelity MSCI Information Technology Index ETF has a 1-year low of $198.17 and a 1-year high of $311.83. The company has a market capitalization of $22.22 billion, a PE ratio of 35.45 and a beta of 1.34.

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.