Fidelity MSCI Information Technology Index ETF $FTEC Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 2.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 313,356 shares of the company’s stock after acquiring an additional 7,672 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.43% of Fidelity MSCI Information Technology Index ETF worth $70,402,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Financial Life Planners acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $25,000. Bessemer Group Inc. acquired a new position in Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth approximately $26,000. Wealth Watch Advisors INC acquired a new position in Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth approximately $30,000. Strategic Advocates LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $31,000. Finally, Elyxium Wealth LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at approximately $37,000.

Fidelity MSCI Information Technology Index ETF Price Performance

NYSEARCA:FTEC opened at $289.25 on Friday. The company’s fifty day moving average price is $242.99 and its 200-day moving average price is $230.01. Fidelity MSCI Information Technology Index ETF has a 1-year low of $177.66 and a 1-year high of $290.06. The firm has a market capitalization of $21.03 billion, a P/E ratio of 35.45 and a beta of 1.31.

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.