Howard Financial Services LTD. Buys Shares of 2,340 Fidelity MSCI Information Technology Index ETF $FTEC

Howard Financial Services LTD. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,340 shares of the company’s stock, valued at approximately $668,000.

Several other institutional investors and hedge funds also recently modified their holdings of FTEC. CX Institutional raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 18.2% during the second quarter. CX Institutional now owns 46,147 shares of the company’s stock valued at $13,179,000 after purchasing an additional 7,119 shares in the last quarter. Dakota Community Bank & Trust NA bought a new position in Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at about $166,000. Optiver Holding B.V. bought a new position in Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at about $1,003,000. Glenmede Trust Co. NA raised its position in shares of Fidelity MSCI Information Technology Index ETF by 264.9% during the 1st quarter. Glenmede Trust Co. NA now owns 2,430 shares of the company’s stock worth $506,000 after buying an additional 1,764 shares in the last quarter. Finally, Eley Financial Management Inc raised its position in shares of Fidelity MSCI Information Technology Index ETF by 1.5% during the 1st quarter. Eley Financial Management Inc now owns 15,597 shares of the company’s stock worth $3,245,000 after buying an additional 229 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Up 4.4%

Shares of NYSEARCA:FTEC opened at $286.77 on Wednesday. The company has a 50 day moving average of $278.49 and a 200-day moving average of $247.46. The firm has a market cap of $21.08 billion, a P/E 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 $300.79.

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.