Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Hits New 52-Week High – What’s Next?

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $181.28 and last traded at $181.04, with a volume of 38416 shares traded. The stock had previously closed at $178.65.

Fidelity MSCI Information Technology Index ETF Stock Down 0.1 %

The firm has a market cap of $11.07 billion, a PE ratio of 37.14 and a beta of 1.41. The business has a 50-day moving average price of $169.46 and a two-hundred day moving average price of $164.71.

Institutional Investors Weigh In On Fidelity MSCI Information Technology Index ETF

Several large investors have recently bought and sold shares of the stock. Bank of New Hampshire acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at $25,000. EverSource Wealth Advisors LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF in the second quarter valued at $32,000. Lynx Investment Advisory purchased a new stake in Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth about $37,000. Strategic Financial Concepts LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth about $43,000. Finally, Sound Income Strategies LLC boosted its position in shares of Fidelity MSCI Information Technology Index ETF by 263.4% during the 1st quarter. Sound Income Strategies LLC now owns 338 shares of the company’s stock worth $53,000 after acquiring an additional 245 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.