Summit Wealth Group LLC Co. Purchases Shares of 16,918 Fidelity MSCI Information Technology Index ETF $FTEC

Summit Wealth Group LLC Co. purchased a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 16,918 shares of the company’s stock, valued at approximately $3,801,000.

Other hedge funds also recently bought and sold shares of the company. Financial Life Planners acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at about $25,000. Bessemer Group Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at about $26,000. Wealth Watch Advisors INC acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at about $30,000. Strategic Advocates LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at about $31,000. Finally, First Horizon Corp acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at about $34,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC opened at $267.95 on Wednesday. The stock’s 50-day simple moving average is $227.67 and its 200-day simple moving average is $226.08. The firm has a market capitalization of $19.48 billion, a PE ratio of 35.45 and a beta of 1.31. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $175.39 and a fifty-two week high of $272.11.

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.