Northwestern Mutual Wealth Management Co. Buys 61,522 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Northwestern Mutual Wealth Management Co. increased its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 26.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 292,925 shares of the company’s stock after buying an additional 61,522 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.41% of Fidelity MSCI Information Technology Index ETF worth $57,771,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FTEC. AlphaCore Capital LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF in the second quarter valued at approximately $26,000. Howe & Rusling Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth $47,000. Legacy Wealth Managment LLC ID acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at $49,000. SouthState Corp increased its stake in Fidelity MSCI Information Technology Index ETF by 191.9% during the 1st quarter. SouthState Corp now owns 362 shares of the company’s stock valued at $58,000 after purchasing an additional 238 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 20.8% during the 2nd quarter. Sound Income Strategies LLC now owns 319 shares of the company’s stock valued at $63,000 after purchasing an additional 55 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Up 0.7%

Fidelity MSCI Information Technology Index ETF stock opened at $224.28 on Friday. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.11 and a 1-year high of $240.25. The firm has a market capitalization of $16.48 billion, a price-to-earnings ratio of 35.45 and a beta of 1.24. The firm’s fifty day moving average price is $225.67 and its two-hundred day moving average price is $207.94.

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.