Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Sees Strong Trading Volume – Here’s What Happened

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) saw unusually-high trading volume on Tuesday . Approximately 1,010,872 shares traded hands during trading, an increase of 188% from the previous session’s volume of 350,629 shares.The stock last traded at $170.44 and had previously closed at $172.23.

Fidelity MSCI Information Technology Index ETF Trading Down 0.2 %

The business’s 50 day moving average is $185.89 and its two-hundred day moving average is $180.60. The company has a market cap of $12.51 billion, a PE ratio of 36.37 and a beta of 1.15.

Institutional Trading of Fidelity MSCI Information Technology Index ETF

Several hedge funds have recently bought and sold shares of FTEC. Whittier Trust Co. of Nevada Inc. purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth $26,000. Aptus Capital Advisors LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 67.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock worth $29,000 after purchasing an additional 68 shares in the last quarter. Fifth Third Bancorp purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth $37,000. Bellwether Advisors LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth $40,000. Finally, Promus Capital LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth $41,000.

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.