Summit X LLC Acquires 310 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Summit X LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,542 shares of the company’s stock after acquiring an additional 310 shares during the quarter. Summit X LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,949,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Moors & Cabot Inc. increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 40.5% in the fourth quarter. Moors & Cabot Inc. now owns 4,109 shares of the company’s stock worth $760,000 after purchasing an additional 1,185 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth about $3,647,000. AGF Management Ltd. increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2.9% in the fourth quarter. AGF Management Ltd. now owns 591,343 shares of the company’s stock worth $109,327,000 after purchasing an additional 16,514 shares during the last quarter. Investors Research Corp increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 4.4% in the fourth quarter. Investors Research Corp now owns 5,890 shares of the company’s stock worth $1,089,000 after purchasing an additional 250 shares during the last quarter. Finally, Independent Advisor Alliance bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth about $539,000.

Fidelity MSCI Information Technology Index ETF Trading Down 0.2 %

Shares of FTEC stock opened at $163.12 on Wednesday. Fidelity MSCI Information Technology Index ETF has a 12-month low of $142.12 and a 12-month high of $193.06. The stock’s 50-day moving average price is $183.43 and its 200-day moving average price is $180.48. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 36.37 and a beta of 1.15.

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.