Formulate Financial LLC Invests $570,000 in Fidelity MSCI Information Technology Index ETF $FTEC

Formulate Financial LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,537 shares of the company’s stock, valued at approximately $570,000. Fidelity MSCI Information Technology Index ETF accounts for about 0.7% of Formulate Financial LLC’s holdings, making the stock its 18th biggest position.

Several other large investors also recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 6,087.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 479,401 shares of the company’s stock valued at $106,504,000 after buying an additional 471,653 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 129.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 700,423 shares of the company’s stock valued at $157,364,000 after buying an additional 394,739 shares during the last quarter. Vicus Capital grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2,666.4% during the fourth quarter. Vicus Capital now owns 112,649 shares of the company’s stock valued at $25,309,000 after buying an additional 108,577 shares during the last quarter. SteelPeak Wealth LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 3,622.3% during the fourth quarter. SteelPeak Wealth LLC now owns 107,724 shares of the company’s stock valued at $24,202,000 after buying an additional 104,830 shares during the last quarter. Finally, PFG Advisors acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the third quarter valued at about $22,364,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA FTEC opened at $275.32 on Friday. The stock has a market capitalization of $20.02 billion, a P/E ratio of 35.45 and a beta of 1.34. The company has a 50-day moving average price of $250.94 and a 200-day moving average price of $232.24. Fidelity MSCI Information Technology Index ETF has a 1 year low of $184.88 and a 1 year high of $300.79.

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.