Leo Wealth LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,150 shares of the company’s stock, valued at approximately $645,000.
Several other hedge funds also recently modified their holdings of FTEC. Apollon Wealth Management LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 30.0% in the third quarter. Apollon Wealth Management LLC now owns 1,655 shares of the company’s stock valued at $497,000 after acquiring an additional 382 shares during the last quarter. Sigma Planning Corp bought a new stake in Fidelity MSCI Information Technology Index ETF during the third quarter worth about $9,144,000. Financial Management Professionals Inc. acquired a new position in Fidelity MSCI Information Technology Index ETF during the third quarter valued at approximately $194,000. Samalin Investment Counsel LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the third quarter valued at approximately $4,676,000. Finally, Valley National Advisers Inc. acquired a new position in Fidelity MSCI Information Technology Index ETF during the third quarter valued at approximately $53,000.
Fidelity MSCI Information Technology Index ETF Stock Up 1.5%
FTEC stock opened at $288.61 on Tuesday. The business has a 50 day moving average price of $292.02 and a two-hundred day moving average price of $259.60. The company has a market cap of $21.44 billion, a price-to-earnings ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a twelve month low of $198.17 and a twelve month high of $311.83.
Fidelity MSCI Information Technology Index ETF Company 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.
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