Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Get Free Report) shares saw an uptick in trading volume on Wednesday . 1,088,432 shares were traded during trading, an increase of 341% from the previous session’s volume of 246,543 shares.The stock last traded at $166.92 and had previously closed at $173.37.
Fidelity MSCI Information Technology Index ETF Price Performance
The company has a market cap of $10.40 billion, a PE ratio of 37.14 and a beta of 1.41. The firm has a 50-day simple moving average of $169.41 and a two-hundred day simple moving average of $157.67.
Institutional Investors Weigh In On Fidelity MSCI Information Technology Index ETF
Several hedge funds have recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter worth $196,694,000. International Assets Investment Management LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth about $33,181,000. SteelPeak Wealth LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth about $9,538,000. Envestnet Asset Management Inc. grew its holdings in Fidelity MSCI Information Technology Index ETF by 16.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 419,820 shares of the company’s stock valued at $60,303,000 after buying an additional 59,879 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 130.8% during the 1st quarter. Cetera Investment Advisers now owns 95,511 shares of the company’s stock valued at $14,884,000 after acquiring an additional 54,133 shares during the last quarter.
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.
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