D Orazio & Associates Inc. Buys 2,735 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

D Orazio & Associates Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,735 shares of the company’s stock, valued at approximately $821,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fingerlakes Wealth Management Inc. lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 0.5% during the 3rd quarter. Fingerlakes Wealth Management Inc. now owns 19,626 shares of the company’s stock worth $5,889,000 after buying an additional 91 shares during the last quarter. New York Life Investment Management LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $3,365,000. Montis Financial LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $201,000. Gryphon Financial Partners LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $208,000. Finally, Kestra Investment Management LLC grew its position in Fidelity MSCI Information Technology Index ETF by 5.1% in the third quarter. Kestra Investment Management LLC now owns 339,699 shares of the company’s stock valued at $101,930,000 after acquiring an additional 16,636 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Down 1.3%

Shares of NYSEARCA FTEC opened at $263.80 on Wednesday. The company has a market cap of $19.68 billion, a price-to-earnings ratio of 35.45 and a beta of 1.36. Fidelity MSCI Information Technology Index ETF has a 12 month low of $198.17 and a 12 month high of $311.83. The stock has a 50-day moving average price of $289.90 and a two-hundred day moving average price of $262.31.

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.