Sax Wealth Advisors LLC Has $2.51 Million Stock Holdings in Fidelity MSCI Information Technology Index ETF $FTEC

Sax Wealth Advisors LLC lifted its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 48.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,175 shares of the company’s stock after purchasing an additional 3,643 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,511,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Financial Life Planners bought a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at about $25,000. Bessemer Group Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF during the third quarter worth about $26,000. AlphaCore Capital LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter worth approximately $26,000. Wealth Watch Advisors INC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter worth approximately $30,000. Finally, Strategic Advocates LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the third quarter valued at approximately $31,000.

Fidelity MSCI Information Technology Index ETF Trading Up 0.7%

NYSEARCA:FTEC opened at $213.65 on Thursday. The stock has a market capitalization of $15.60 billion, a P/E ratio of 35.45 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a 1 year low of $134.11 and a 1 year high of $240.25. The firm has a 50 day moving average of $219.68 and a 200-day moving average of $223.04.

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.