11,043 Shares in Fidelity MSCI Information Technology Index ETF $FTEC Bought by Northbridge Financial Group LLC

Northbridge Financial Group LLC bought a new position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,043 shares of the company’s stock, valued at approximately $2,481,000. Fidelity MSCI Information Technology Index ETF accounts for about 1.1% of Northbridge Financial Group LLC’s holdings, making the stock its 17th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of FTEC. Financial Life Planners acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth $25,000. Bessemer Group Inc. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth $26,000. Wealth Watch Advisors INC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth $30,000. Strategic Advocates LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth $31,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth $37,000.

Fidelity MSCI Information Technology Index ETF Trading Down 0.5%

FTEC opened at $266.18 on Wednesday. The stock has a market cap of $19.35 billion, a price-to-earnings ratio of 35.45 and a beta of 1.31. Fidelity MSCI Information Technology Index ETF has a 1 year low of $175.39 and a 1 year high of $275.77. The stock has a fifty day moving average price of $232.94 and a 200 day moving average price of $227.36.

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.