Independent Financial Group LLC Makes New Investment in Fidelity MSCI Information Technology Index ETF $FTEC

Independent Financial Group LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,052 shares of the company’s stock, valued at approximately $1,259,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake 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 buying an additional 394,739 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 14.1% in the fourth quarter. LPL Financial LLC now owns 694,702 shares of the company’s stock valued at $156,079,000 after acquiring an additional 85,840 shares during the period. Morgan Stanley boosted 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 valued at $82,103,000 after acquiring an additional 22,833 shares during the period. Osaic Holdings Inc. boosted 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 valued at $67,358,000 after acquiring an additional 4,486 shares during the period. Finally, Kestra Investment Management LLC grew its position in shares of Fidelity MSCI Information Technology Index ETF by 5.9% during the fourth quarter. Kestra Investment Management LLC now owns 278,876 shares of the company’s stock worth $62,655,000 after acquiring an additional 15,626 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $270.28 on Tuesday. The firm’s fifty day simple moving average is $278.63 and its 200-day simple moving average is $243.94. The stock has a market capitalization of $19.84 billion, a price-to-earnings ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a 12 month low of $198.17 and a 12 month high of $300.79.

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.