Maltin Wealth Management Inc. Has $2.39 Million Stock Holdings in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Maltin Wealth Management Inc. raised its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 0.7% during the 1st quarter, HoldingsChannel reports. The firm owned 15,338 shares of the company’s stock after purchasing an additional 112 shares during the quarter. Fidelity MSCI Information Technology Index ETF comprises 1.3% of Maltin Wealth Management Inc.’s holdings, making the stock its 22nd biggest position. Maltin Wealth Management Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $2,390,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FTEC. Lido Advisors LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 9.3% in the third quarter. Lido Advisors LLC now owns 1,652,603 shares of the company’s stock worth $203,154,000 after acquiring an additional 141,104 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the first quarter worth $196,694,000. Envestnet Asset Management Inc. grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 16.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 419,820 shares of the company’s stock worth $60,303,000 after acquiring an additional 59,879 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth $33,181,000. Finally, LPL Financial LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 3.7% in the third quarter. LPL Financial LLC now owns 230,442 shares of the company’s stock worth $28,328,000 after acquiring an additional 8,219 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Up 0.2 %

FTEC stock traded up $0.42 during midday trading on Friday, hitting $172.20. The stock had a trading volume of 120,121 shares, compared to its average volume of 238,946. The firm has a market capitalization of $10.73 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. Fidelity MSCI Information Technology Index ETF has a 52 week low of $118.39 and a 52 week high of $176.34. The stock has a 50-day simple moving average of $159.80 and a 200 day simple moving average of $153.13.

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.