Sweeney & Michel LLC Purchases 286 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Sweeney & Michel LLC boosted its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,679 shares of the company’s stock after acquiring an additional 286 shares during the quarter. Sweeney & Michel LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,199,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FTEC. EverSource Wealth Advisors LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the second quarter worth $32,000. Lynx Investment Advisory acquired a new position in Fidelity MSCI Information Technology Index ETF during the second quarter worth $37,000. Strategic Financial Concepts LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the second quarter worth $43,000. Sound Income Strategies LLC raised its stake in Fidelity MSCI Information Technology Index ETF by 263.4% during the first quarter. Sound Income Strategies LLC now owns 338 shares of the company’s stock worth $53,000 after acquiring an additional 245 shares in the last quarter. Finally, Advisors Preferred LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the first quarter valued at $63,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA:FTEC traded down $0.36 during midday trading on Tuesday, reaching $180.09. The company’s stock had a trading volume of 37,152 shares, compared to its average volume of 263,399. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $118.39 and a fifty-two week high of $181.49. The company has a market capitalization of $11.22 billion, a P/E ratio of 37.14 and a beta of 1.41. The business’s fifty day simple moving average is $171.19 and its 200-day simple moving average is $165.41.

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.