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

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wealth Watch Advisors INC purchased a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at $30,000. Elyxium Wealth LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $37,000. SouthState Bank Corp bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at about $50,000. Strategic Advocates LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 76.4% during the fourth quarter. Strategic Advocates LLC now owns 247 shares of the company’s stock valued at $56,000 after buying an additional 107 shares during the period. Finally, MidFirst Bank purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at about $73,000.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC stock opened at $289.84 on Friday. Fidelity MSCI Information Technology Index ETF has a 1 year low of $198.17 and a 1 year high of $300.79. The firm has a 50-day moving average of $278.63 and a 200 day moving average of $248.59. The company has a market cap of $21.30 billion, a P/E 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.