Sax Wealth Advisors LLC Buys 3,551 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Sax Wealth Advisors LLC raised its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 89.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,532 shares of the company’s stock after purchasing an additional 3,551 shares during the period. Sax Wealth Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,673,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. AlphaCore Capital LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth about $26,000. Heartwood Wealth Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the third quarter worth approximately $32,000. Howe & Rusling Inc. bought a new position in Fidelity MSCI Information Technology Index ETF in the second quarter worth approximately $47,000. Legacy Wealth Managment LLC ID acquired a new stake in Fidelity MSCI Information Technology Index ETF in the first quarter valued at approximately $49,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 20.8% during the second quarter. Sound Income Strategies LLC now owns 319 shares of the company’s stock valued at $63,000 after acquiring an additional 55 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Down 0.3%

Shares of NYSEARCA:FTEC opened at $226.86 on Wednesday. Fidelity MSCI Information Technology Index ETF has a twelve month low of $134.11 and a twelve month high of $240.25. The stock’s 50 day moving average is $227.00 and its 200-day moving average is $215.08. The firm has a market capitalization of $16.67 billion, a price-to-earnings ratio of 35.45 and a beta of 1.24.

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.