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

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $186.53 and last traded at $186.49, with a volume of 22392 shares traded. The stock had previously closed at $184.90.

Fidelity MSCI Information Technology Index ETF Price Performance

The business has a 50-day simple moving average of $177.45 and a two-hundred day simple moving average of $170.62. The stock has a market cap of $11.54 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41.

Institutional Investors Weigh In On Fidelity MSCI Information Technology Index ETF

Hedge funds have recently bought and sold shares of the stock. Aptus Capital Advisors LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 67.3% during the third quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock worth $29,000 after purchasing an additional 68 shares during the period. EverSource Wealth Advisors LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the second quarter worth about $32,000. Lynx Investment Advisory acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth about $37,000. Voisard Asset Management Group Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at about $89,000. Finally, McClarren Financial Advisors Inc. boosted its holdings in Fidelity MSCI Information Technology Index ETF by 851.9% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 514 shares of the company’s stock valued at $88,000 after purchasing an additional 460 shares during the period.

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.