2,980 Shares in Fidelity MSCI Information Technology Index ETF $FTEC Bought by Adirondack Trust Co.

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

Several other institutional investors and hedge funds have also modified their holdings of FTEC. Concurrent Investment Advisors LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth approximately $1,309,000. Succession Financial Inc. acquired a new position in Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at $3,414,000. NewEdge Advisors LLC lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 5.0% during the 2nd quarter. NewEdge Advisors LLC now owns 36,762 shares of the company’s stock worth $10,498,000 after purchasing an additional 1,744 shares during the period. Jacobs Equity LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter worth $2,794,000. Finally, Sterling Investment Counsel LLC lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 2,538.7% during the 1st quarter. Sterling Investment Counsel LLC now owns 34,567 shares of the company’s stock worth $7,192,000 after purchasing an additional 33,257 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Down 2.4%

Shares of FTEC stock traded down $7.13 during mid-day trading on Wednesday, hitting $294.65. 156,823 shares of the company’s stock were exchanged, compared to its average volume of 362,594. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $198.17 and a fifty-two week high of $311.83. The stock has a 50-day simple moving average of $292.21 and a two-hundred day simple moving average of $273.00. The stock has a market cap of $21.75 billion, a price-to-earnings ratio of 35.45 and a beta of 1.34.

About Fidelity MSCI Information Technology Index ETF

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.