Fifth Third Bancorp Purchases 4,098 Shares of Fidelity MSCI Information Technology Index ETF $FTEC

Fifth Third Bancorp grew its position in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 333.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,327 shares of the company’s stock after acquiring an additional 4,098 shares during the quarter. Fifth Third Bancorp’s holdings in Fidelity MSCI Information Technology Index ETF were worth $1,108,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. TABR Capital Management LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth about $1,710,000. SteelPeak Wealth LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 3,622.3% during the fourth quarter. SteelPeak Wealth LLC now owns 107,724 shares of the company’s stock valued at $24,202,000 after buying an additional 104,830 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 2.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 313,356 shares of the company’s stock valued at $70,402,000 after buying an additional 7,672 shares during the period. Kraft Davis & Associates LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 35.0% during the fourth quarter. Kraft Davis & Associates LLC now owns 81,384 shares of the company’s stock valued at $18,547,000 after buying an additional 21,099 shares during the last quarter. Finally, Capital Investment Advisors LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter valued at approximately $778,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC opened at $270.52 on Friday. The business’s 50 day moving average price is $278.88 and its 200-day moving average price is $245.19. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $198.17 and a fifty-two week high of $300.79. The company has a market cap of $19.83 billion, a price-to-earnings ratio of 35.45 and a beta of 1.34.

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.