Sax Wealth Advisors LLC Has $1.67 Million Stock Holdings 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 89.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,532 shares of the company’s stock after acquiring an additional 3,551 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,673,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FTEC. CWM LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 36.8% during the second quarter. CWM LLC now owns 6,392 shares of the company’s stock worth $1,261,000 after buying an additional 1,719 shares during the period. Armor Investment Advisors LLC boosted its position in Fidelity MSCI Information Technology Index ETF by 1.0% during the second quarter. Armor Investment Advisors LLC now owns 82,569 shares of the company’s stock valued at $16,284,000 after acquiring an additional 845 shares during the last quarter. Allworth Financial LP grew its holdings in Fidelity MSCI Information Technology Index ETF by 11.0% during the 2nd quarter. Allworth Financial LP now owns 18,989 shares of the company’s stock worth $3,745,000 after acquiring an additional 1,883 shares during the period. Integrity Alliance LLC. bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the 1st quarter worth about $283,000. Finally, Archer Investment Corp lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 510.2% in the 2nd quarter. Archer Investment Corp now owns 2,343 shares of the company’s stock valued at $462,000 after purchasing an additional 1,959 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $226.86 on Wednesday. The stock’s 50-day moving average is $227.00 and its 200 day moving average is $215.08. Fidelity MSCI Information Technology Index ETF has a one year low of $134.11 and a one year high of $240.25. The firm has a market cap of $16.67 billion, a price-to-earnings ratio of 35.45 and a beta of 1.24.

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.