Fidelity MSCI Information Technology Index ETF $FTEC Shares Bought by LJI Wealth Management LLC

LJI Wealth Management LLC raised its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 2.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,915 shares of the company’s stock after acquiring an additional 63 shares during the period. LJI Wealth Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $575,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. IMA Advisory Services Inc. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at about $25,000. Legacy Wealth Managment LLC ID purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the first quarter valued at about $49,000. Whittier Trust Co. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the first quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter worth approximately $51,000. Finally, Sound Income Strategies LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 20.8% during the 2nd quarter. Sound Income Strategies LLC now owns 319 shares of the company’s stock worth $63,000 after purchasing an additional 55 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of FTEC opened at $227.04 on Friday. The firm has a 50 day simple moving average of $216.58 and a 200-day simple moving average of $195.31. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.11 and a 1-year high of $229.78. The stock has a market cap of $16.60 billion, a price-to-earnings ratio of 35.45 and a beta of 1.16.

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.