Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Reaches New 12-Month High – What’s Next?

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)’s stock price hit a new 52-week high on Friday . The company traded as high as $193.06 and last traded at $192.09, with a volume of 38791 shares trading hands. The stock had previously closed at $192.30.

Fidelity MSCI Information Technology Index ETF Stock Down 0.3 %

The business has a 50-day simple moving average of $186.82 and a two-hundred day simple moving average of $177.16. The stock has a market capitalization of $11.95 billion, a P/E ratio of 37.14 and a beta of 1.41.

Institutional Trading of Fidelity MSCI Information Technology Index ETF

A number of large investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC acquired a new position in Fidelity MSCI Information Technology Index ETF in the second quarter worth $878,000. CWM LLC boosted its stake in Fidelity MSCI Information Technology Index ETF by 165.8% in the third quarter. CWM LLC now owns 2,278 shares of the company’s stock worth $398,000 after purchasing an additional 1,421 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Fidelity MSCI Information Technology Index ETF by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 128,648 shares of the company’s stock worth $22,449,000 after purchasing an additional 6,629 shares in the last quarter. FMR LLC boosted its stake in Fidelity MSCI Information Technology Index ETF by 3.7% in the third quarter. FMR LLC now owns 159,393 shares of the company’s stock worth $27,814,000 after purchasing an additional 5,739 shares in the last quarter. Finally, Signal Advisors Wealth LLC boosted its stake in Fidelity MSCI Information Technology Index ETF by 10.6% in the fourth quarter. Signal Advisors Wealth LLC now owns 1,600 shares of the company’s stock worth $296,000 after purchasing an additional 153 shares in 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.