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

Samalin Investment Counsel LLC boosted its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,816 shares of the company’s stock after purchasing an additional 685 shares during the period. Fidelity MSCI Information Technology Index ETF accounts for about 1.0% of Samalin Investment Counsel LLC’s portfolio, making the stock its 21st biggest holding. 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 reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 11.0% during the second quarter. Allworth Financial LP now owns 18,989 shares of the company’s stock worth $3,745,000 after purchasing an additional 1,883 shares during the last quarter. Summit X LLC boosted its position in Fidelity MSCI Information Technology Index ETF by 0.8% during the 2nd quarter. Summit X LLC now owns 10,526 shares of the company’s stock worth $2,076,000 after buying an additional 81 shares during the period. AGF Management Ltd. grew its holdings in Fidelity MSCI Information Technology Index ETF by 1.5% during the 2nd quarter. AGF Management Ltd. now owns 617,076 shares of the company’s stock worth $121,700,000 after acquiring an additional 9,114 shares during the last quarter. AE Wealth Management LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 7.2% during the 2nd quarter. AE Wealth Management LLC now owns 3,313 shares of the company’s stock worth $653,000 after acquiring an additional 222 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC increased its position in Fidelity MSCI Information Technology Index ETF by 5.1% in the 2nd quarter. Walkner Condon Financial Advisors LLC now owns 1,358 shares of the company’s stock valued at $268,000 after acquiring an additional 66 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA:FTEC opened at $226.93 on Monday. The firm has a market cap of $16.68 billion, a PE ratio of 35.45 and a beta of 1.24. The firm’s fifty day moving average is $222.44 and its 200-day moving average is $202.60. Fidelity MSCI Information Technology Index ETF has a 52 week low of $134.11 and a 52 week high of $240.25.

Fidelity MSCI Information Technology Index ETF 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.