Samalin Investment Counsel LLC Acquires 685 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Samalin Investment Counsel LLC raised its holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 5.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,816 shares of the company’s stock after purchasing an additional 685 shares during the quarter. Fidelity MSCI Information Technology Index ETF accounts for approximately 1.0% of Samalin Investment Counsel LLC’s investment portfolio, making the stock its 21st biggest position. Samalin Investment Counsel LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,528,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FTEC. Allworth Financial LP raised its holdings in shares of 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 buying an additional 1,883 shares in the last quarter. Summit X LLC grew its position in Fidelity MSCI Information Technology Index ETF by 0.8% in the second quarter. Summit X LLC now owns 10,526 shares of the company’s stock valued at $2,076,000 after acquiring an additional 81 shares during the last quarter. AGF Management Ltd. grew its position in Fidelity MSCI Information Technology Index ETF by 1.5% in the second quarter. AGF Management Ltd. now owns 617,076 shares of the company’s stock valued at $121,700,000 after acquiring an additional 9,114 shares during the last quarter. AE Wealth Management LLC raised its stake in Fidelity MSCI Information Technology Index ETF by 7.2% during the second quarter. AE Wealth Management LLC now owns 3,313 shares of the company’s stock worth $653,000 after acquiring an additional 222 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC raised its stake in Fidelity MSCI Information Technology Index ETF by 5.1% during the second quarter. Walkner Condon Financial Advisors LLC now owns 1,358 shares of the company’s stock worth $268,000 after acquiring an additional 66 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 0.2%

FTEC stock opened at $226.93 on Monday. The firm has a 50-day moving average price of $222.44 and a 200-day moving average price of $202.60. Fidelity MSCI Information Technology Index ETF has a 12 month low of $134.11 and a 12 month high of $240.25. The stock has a market capitalization of $16.68 billion, a P/E ratio of 35.45 and a beta of 1.24.

Fidelity MSCI Information Technology Index ETF Company 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.