Adirondack Trust Co. Purchases New Shares in Fidelity MSCI Information Technology Index ETF $FTEC

Adirondack Trust Co. acquired a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,980 shares of the company’s stock, valued at approximately $894,000.

Several other institutional investors have also recently modified their holdings of FTEC. Highland Investment Advisors LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at approximately $40,000. Continuum Advisory LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the second quarter worth $66,000. MidFirst Bank acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth $73,000. AdvisorNet Financial Inc raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 176.2% in the first quarter. AdvisorNet Financial Inc now owns 359 shares of the company’s stock worth $75,000 after acquiring an additional 229 shares during the last quarter. Finally, Motiv8 Investments LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at $81,000.

Fidelity MSCI Information Technology Index ETF Trading Down 2.4%

Shares of NYSEARCA:FTEC traded down $7.13 on Wednesday, hitting $294.65. The company had a trading volume of 156,823 shares, compared to its average volume of 362,594. Fidelity MSCI Information Technology Index ETF has a 52-week low of $198.17 and a 52-week high of $311.83. The business has a 50 day moving average of $292.21 and a 200 day moving average of $273.00. The company has a market cap of $21.75 billion, a PE 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.