Northwestern Mutual Wealth Management Co. Buys 394,739 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Northwestern Mutual Wealth Management Co. increased its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 129.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 700,423 shares of the company’s stock after buying an additional 394,739 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $157,364,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FTEC. PFG Advisors purchased a new position in Fidelity MSCI Information Technology Index ETF during the third quarter valued at $22,364,000. Capital Investment Advisors LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at $778,000. SteelPeak Wealth LLC lifted its position in 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 period. Perennial Investment Advisors LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the third quarter valued at $580,000. Finally, Siligmueller & Norvid Wealth Advisors LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the third quarter valued at $607,000.

Fidelity MSCI Information Technology Index ETF Trading Down 1.6%

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $270.56 on Friday. The firm has a market capitalization of $19.67 billion, a P/E ratio of 35.45 and a beta of 1.31. The business has a fifty day simple moving average of $230.93 and a two-hundred day simple moving average of $227.00. Fidelity MSCI Information Technology Index ETF has a 12 month low of $175.39 and a 12 month high of $275.77.

About Fidelity MSCI Information Technology Index ETF

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.