Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Hits New 1-Year High – What’s Next?

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $300.86 and last traded at $300.6690, with a volume of 197300 shares traded. The stock had previously closed at $299.40.

Fidelity MSCI Information Technology Index ETF Stock Performance

The firm has a market capitalization of $22.04 billion, a price-to-earnings ratio of 35.45 and a beta of 1.35. The business’s 50-day moving average is $283.36 and its two-hundred day moving average is $264.29.

Institutional Investors Weigh In On Fidelity MSCI Information Technology Index ETF

Several large investors have recently bought and sold shares of FTEC. Strengthening Families & Communities LLC raised its stake in Fidelity MSCI Information Technology Index ETF by 2.5% in the second quarter. Strengthening Families & Communities LLC now owns 1,520 shares of the company’s stock valued at $434,000 after buying an additional 37 shares in the last quarter. Eley Financial Management Inc boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 0.3% during the 1st quarter. Eley Financial Management Inc now owns 15,409 shares of the company’s stock worth $3,206,000 after acquiring an additional 41 shares in the last quarter. Walkner Condon Financial Advisors LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 5.1% in the 1st quarter. Walkner Condon Financial Advisors LLC now owns 969 shares of the company’s stock valued at $202,000 after acquiring an additional 47 shares during the last quarter. Smithfield Trust Co increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2.1% in the 4th quarter. Smithfield Trust Co now owns 2,425 shares of the company’s stock valued at $544,000 after acquiring an additional 50 shares during the last quarter. Finally, Florida Financial Advisors LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF by 0.9% during the 4th quarter. Florida Financial Advisors LLC now owns 6,303 shares of the company’s stock worth $1,417,000 after acquiring an additional 56 shares in the last quarter.

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.