Assetmark Inc. Has $8.57 Million Position in Fidelity MSCI Information Technology Index ETF $FTEC

Assetmark Inc. reduced its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 35.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,136 shares of the company’s stock after selling 20,855 shares during the period. Assetmark Inc. owned about 0.05% of Fidelity MSCI Information Technology Index ETF worth $8,568,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FTEC. Commonwealth Equity Services LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 8.8% during the third quarter. Commonwealth Equity Services LLC now owns 718,643 shares of the company’s stock valued at $159,661,000 after purchasing an additional 58,076 shares during the period. AGF Management Ltd. increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 11.8% in the third quarter. AGF Management Ltd. now owns 689,924 shares of the company’s stock valued at $153,280,000 after purchasing an additional 72,848 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in 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 worth $150,707,000 after purchasing an additional 18,799 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 6,087.4% in the third 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 in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Fidelity MSCI Information Technology Index ETF by 4.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 305,684 shares of the company’s stock worth $67,914,000 after purchasing an additional 12,759 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Trading Up 1.7%

NYSEARCA FTEC opened at $240.29 on Friday. The firm has a market capitalization of $17.37 billion, a price-to-earnings ratio of 35.45 and a beta of 1.26. The firm’s 50 day simple moving average is $217.85 and its 200 day simple moving average is $223.15. Fidelity MSCI Information Technology Index ETF has a 1 year low of $144.18 and a 1 year high of $240.83.

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.