Samalin Investment Counsel LLC Increases Stock Position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Samalin Investment Counsel LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,678 shares of the company’s stock after buying an additional 167 shares during the quarter. Fidelity MSCI Information Technology Index ETF comprises approximately 0.8% of Samalin Investment Counsel LLC’s portfolio, making the stock its 26th biggest position. Samalin Investment Counsel LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,974,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FTEC. Pathstone Holdings LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 1.6% during the third quarter. Pathstone Holdings LLC now owns 13,862 shares of the company’s stock valued at $2,418,000 after buying an additional 220 shares during the period. Citigroup Inc. lifted its position in Fidelity MSCI Information Technology Index ETF by 53.7% during the third quarter. Citigroup Inc. now owns 26,335 shares of the company’s stock valued at $4,595,000 after buying an additional 9,206 shares during the period. Meridian Wealth Management LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the third quarter valued at $3,371,000. Nwam LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the third quarter valued at $269,000. Finally, Centaurus Financial Inc. lifted its position in Fidelity MSCI Information Technology Index ETF by 15.6% during the third quarter. Centaurus Financial Inc. now owns 2,316 shares of the company’s stock valued at $404,000 after buying an additional 313 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC opened at $167.70 on Friday. The stock has a 50-day moving average price of $180.28 and a 200-day moving average price of $180.26. The firm has a market cap of $11.84 billion, a PE ratio of 33.25 and a beta of 1.17. Fidelity MSCI Information Technology Index ETF has a 1 year low of $142.12 and a 1 year high of $193.06.

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.