SHP Wealth Management Takes Position in Fidelity MSCI Information Technology Index ETF $FTEC

SHP Wealth Management acquired a new stake 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 (SEC). The fund acquired 4,033 shares of the company’s stock, valued at approximately $907,000.

Other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in Fidelity MSCI Information Technology Index ETF by 129.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 700,423 shares of the company’s stock worth $157,364,000 after acquiring an additional 394,739 shares during the period. LPL Financial LLC grew its position in shares of Fidelity MSCI Information Technology Index ETF by 14.1% during the 4th quarter. LPL Financial LLC now owns 694,702 shares of the company’s stock valued at $156,079,000 after purchasing an additional 85,840 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings 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 worth $106,504,000 after purchasing an additional 471,653 shares during the period. Morgan Stanley increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 6.7% in the fourth quarter. Morgan Stanley now owns 365,438 shares of the company’s stock worth $82,103,000 after purchasing an additional 22,833 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 1.5% in the fourth quarter. Osaic Holdings Inc. now owns 299,564 shares of the company’s stock worth $67,358,000 after purchasing an additional 4,486 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of FTEC stock opened at $286.54 on Friday. The company has a market capitalization of $20.83 billion, a PE ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a 52-week low of $185.26 and a 52-week high of $300.79. The business’s fifty day moving average is $264.93 and its 200 day moving average is $236.46.

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.