Eaton Financial Holdings Company LLC raised its holdings in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Free Report) by 5.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 93,646 shares of the company’s stock after purchasing an additional 4,774 shares during the quarter. Fidelity MSCI Information Technology Index ETF makes up approximately 5.7% of Eaton Financial Holdings Company LLC’s holdings, making the stock its 2nd largest holding. Eaton Financial Holdings Company LLC’s holdings in Fidelity MSCI Information Technology Index ETF were worth $21,039,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 valued at $157,364,000 after acquiring an additional 394,739 shares during the last quarter. AGF Management Ltd. raised its position in shares of Fidelity MSCI Information Technology Index ETF by 11.8% during the 3rd quarter. AGF Management Ltd. now owns 689,924 shares of the company’s stock valued at $153,280,000 after acquiring an additional 72,848 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Fidelity MSCI Information Technology Index ETF by 2.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 678,339 shares of the company’s stock valued at $150,707,000 after acquiring an additional 18,799 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Fidelity MSCI Information Technology Index ETF by 6,087.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 479,401 shares of the company’s stock valued at $106,504,000 after acquiring an additional 471,653 shares during the last quarter. Finally, Kestra Investment Management LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF by 5.9% during the 4th quarter. Kestra Investment Management LLC now owns 278,876 shares of the company’s stock valued at $62,655,000 after acquiring an additional 15,626 shares during the last quarter.
Fidelity MSCI Information Technology Index ETF Stock Down 0.6%
FTEC opened at $280.40 on Thursday. Fidelity MSCI Information Technology Index ETF has a 12 month low of $177.66 and a 12 month high of $283.30. The company has a fifty day simple moving average of $240.16 and a 200 day simple moving average of $229.19. The stock has a market cap of $20.39 billion, a P/E ratio of 35.45 and a beta of 1.31.
Fidelity MSCI Information Technology Index ETF 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.
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