Exchange Capital Management Inc. Acquires 2,822 Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

Exchange Capital Management Inc. raised its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 3.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,279 shares of the company’s stock after purchasing an additional 2,822 shares during the quarter. Fidelity MSCI Information Technology Index ETF accounts for 1.6% of Exchange Capital Management Inc.’s portfolio, making the stock its 17th largest holding. Exchange Capital Management Inc. owned approximately 0.24% of Fidelity MSCI Information Technology Index ETF worth $5,996,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FTEC. Buffington Mohr McNeal raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 2.3% in the first quarter. Buffington Mohr McNeal now owns 12,325 shares of the company’s stock valued at $731,000 after acquiring an additional 280 shares during the last quarter. Canton Hathaway LLC raised its position in Fidelity MSCI Information Technology Index ETF by 12.7% in the 1st quarter. Canton Hathaway LLC now owns 3,338 shares of the company’s stock worth $197,000 after purchasing an additional 376 shares during the last quarter. Mascoma Wealth Management LLC raised its position in Fidelity MSCI Information Technology Index ETF by 98.9% in the 1st quarter. Mascoma Wealth Management LLC now owns 885 shares of the company’s stock worth $52,000 after purchasing an additional 440 shares during the last quarter. Adirondack Trust Co. bought a new position in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth approximately $29,000. Finally, Flagship Harbor Advisors LLC raised its position in Fidelity MSCI Information Technology Index ETF by 86.5% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,272 shares of the company’s stock worth $75,000 after purchasing an additional 590 shares during the last quarter.

FTEC opened at $61.44 on Friday. The company has a fifty day moving average price of $63.70 and a two-hundred day moving average price of $60.63. Fidelity MSCI Information Technology Index ETF has a 52 week low of $45.74 and a 52 week high of $66.07.

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Institutional Ownership by Quarter for Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)

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