Northbridge Financial Group LLC Takes Position in Fidelity MSCI Information Technology Index ETF $FTEC

Northbridge Financial Group LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,043 shares of the company’s stock, valued at approximately $2,481,000. Fidelity MSCI Information Technology Index ETF makes up 1.1% of Northbridge Financial Group LLC’s portfolio, making the stock its 17th biggest position.

Several other large investors have also recently added to or reduced their stakes in FTEC. Creative Financial Designs Inc. ADV increased its stake in Fidelity MSCI Information Technology Index ETF by 5.6% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,262 shares of the company’s stock worth $284,000 after acquiring an additional 67 shares during the last quarter. Csenge Advisory Group lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2.8% in the 4th quarter. Csenge Advisory Group now owns 5,670 shares of the company’s stock worth $1,274,000 after purchasing an additional 157 shares during the last quarter. RiverFront Investment Group LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth approximately $203,000. Elyxium Wealth LLC bought a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at $37,000. Finally, Soltis Investment Advisors LLC raised its stake in Fidelity MSCI Information Technology Index ETF by 21.6% during the 4th quarter. Soltis Investment Advisors LLC now owns 8,145 shares of the company’s stock valued at $1,830,000 after acquiring an additional 1,446 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $266.18 on Wednesday. Fidelity MSCI Information Technology Index ETF has a 1-year low of $175.39 and a 1-year high of $275.77. The company has a market capitalization of $19.35 billion, a P/E ratio of 35.45 and a beta of 1.31. The business’s fifty day moving average price is $232.94 and its two-hundred day moving average price is $227.36.

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.