Sax Wealth Advisors LLC Grows Stock Position in Fidelity MSCI Information Technology Index ETF $FTEC

Sax Wealth Advisors LLC increased its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 29.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,490 shares of the company’s stock after acquiring an additional 3,315 shares during the period. Sax Wealth Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $4,138,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 8.8% in the fourth quarter. Brighton Jones LLC now owns 18,113 shares of the company’s stock valued at $3,349,000 after purchasing an additional 1,458 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the first quarter worth $2,532,000. Jane Street Group LLC bought a new stake in Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at $3,833,000. Marshall Wace LLP purchased a new stake in Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at $5,649,000. Finally, Flow Traders U.S. LLC bought a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth $242,000.

Fidelity MSCI Information Technology Index ETF Trading Up 1.5%

FTEC stock opened at $289.84 on Friday. The firm’s 50-day moving average price is $278.63 and its two-hundred day moving average price is $248.59. Fidelity MSCI Information Technology Index ETF has a 12-month low of $198.17 and a 12-month high of $300.79. The stock has a market capitalization of $21.30 billion, a price-to-earnings ratio of 35.45 and a beta of 1.34.

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.