Assetmark Inc. Grows Position in Fidelity MSCI Information Technology Index ETF $FTEC

Assetmark Inc. boosted its position in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 5.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,244 shares of the company’s stock after buying an additional 2,108 shares during the period. Assetmark Inc. owned 0.06% of Fidelity MSCI Information Technology Index ETF worth $8,373,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TABR Capital Management LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 4th quarter worth $1,710,000. SteelPeak Wealth LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 3,622.3% in the 4th quarter. SteelPeak Wealth LLC now owns 107,724 shares of the company’s stock valued at $24,202,000 after purchasing an additional 104,830 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 313,356 shares of the company’s stock valued at $70,402,000 after purchasing an additional 7,672 shares in the last quarter. Kraft Davis & Associates LLC lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 35.0% in the fourth quarter. Kraft Davis & Associates LLC now owns 81,384 shares of the company’s stock valued at $18,547,000 after purchasing an additional 21,099 shares during the period. Finally, Capital Investment Advisors LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth about $778,000.

Fidelity MSCI Information Technology Index ETF Trading Up 0.1%

Shares of FTEC opened at $270.28 on Tuesday. The firm’s 50-day moving average is $278.63 and its two-hundred day moving average is $243.94. Fidelity MSCI Information Technology Index ETF has a twelve month low of $198.17 and a twelve month high of $300.79. The firm has a market capitalization of $19.84 billion, a P/E ratio of 35.45 and a beta of 1.34.

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.