Meridian Wealth Management LLC Makes New $3.37 Million Investment in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Meridian Wealth Management LLC acquired a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 3rd quarter, HoldingsChannel reports. The fund acquired 19,319 shares of the company’s stock, valued at approximately $3,371,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the second quarter valued at approximately $878,000. CWM LLC grew its stake in Fidelity MSCI Information Technology Index ETF by 165.8% during the third quarter. CWM LLC now owns 2,278 shares of the company’s stock valued at $398,000 after acquiring an additional 1,421 shares in the last quarter. Brookstone Capital Management grew its stake in Fidelity MSCI Information Technology Index ETF by 0.5% during the second quarter. Brookstone Capital Management now owns 29,495 shares of the company’s stock valued at $5,111,000 after acquiring an additional 134 shares in the last quarter. Fifth Third Securities Inc. grew its stake in Fidelity MSCI Information Technology Index ETF by 3.7% during the second quarter. Fifth Third Securities Inc. now owns 2,158 shares of the company’s stock valued at $370,000 after acquiring an additional 76 shares in the last quarter. Finally, Secure Asset Management LLC grew its stake in Fidelity MSCI Information Technology Index ETF by 6.4% during the third quarter. Secure Asset Management LLC now owns 16,584 shares of the company’s stock valued at $2,894,000 after acquiring an additional 1,004 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Up 0.4 %

Shares of NYSEARCA:FTEC opened at $184.90 on Friday. The company has a 50 day moving average of $177.14 and a 200 day moving average of $170.16. The stock has a market cap of $11.52 billion, a P/E ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 12 month low of $135.17 and a 12 month high of $186.33.

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.