Kestra Investment Management LLC Has $62.66 Million Stake in Fidelity MSCI Information Technology Index ETF $FTEC

Kestra Investment Management LLC grew its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 5.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 278,876 shares of the company’s stock after buying an additional 15,626 shares during the period. Fidelity MSCI Information Technology Index ETF accounts for about 1.5% of Kestra Investment Management LLC’s holdings, making the stock its 16th largest position. Kestra Investment Management LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $62,655,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its position in Fidelity MSCI Information Technology Index ETF by 129.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 700,423 shares of the company’s stock worth $157,364,000 after purchasing an additional 394,739 shares during the last quarter. AGF Management Ltd. grew its position in Fidelity MSCI Information Technology Index ETF by 11.8% in the 3rd quarter. AGF Management Ltd. now owns 689,924 shares of the company’s stock worth $153,280,000 after purchasing an additional 72,848 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Fidelity MSCI Information Technology Index ETF by 2.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 678,339 shares of the company’s stock worth $150,707,000 after purchasing an additional 18,799 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in Fidelity MSCI Information Technology Index ETF by 6,087.4% in the 3rd 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 last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Fidelity MSCI Information Technology Index ETF by 21.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 259,819 shares of the company’s stock worth $58,373,000 after purchasing an additional 46,304 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

NYSEARCA FTEC opened at $276.35 on Tuesday. The company’s fifty day moving average is $237.49 and its two-hundred day moving average is $228.47. The firm has a market capitalization of $20.09 billion, a price-to-earnings ratio of 35.45 and a beta of 1.31. Fidelity MSCI Information Technology Index ETF has a 52-week low of $175.39 and a 52-week high of $278.03.

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.