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

Posted by Donna Armstrong on Nov 6th, 2024

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $182.12 and last traded at $182.09, with a volume of 252253 shares changing hands. The stock had previously closed at $176.71.

Fidelity MSCI Information Technology Index ETF Trading Up 3.1 %

The stock has a 50-day simple moving average of $173.07 and a 200-day simple moving average of $167.57. The company has a market capitalization of $11.35 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41.

Hedge Funds Weigh In On Fidelity MSCI Information Technology Index ETF

Institutional investors have recently made changes to their positions in the business. Aptus Capital Advisors LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF by 67.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock valued at $29,000 after acquiring an additional 68 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at approximately $32,000. Lynx Investment Advisory acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at approximately $37,000. Advisors Preferred LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at approximately $63,000. Finally, Voisard Asset Management Group Inc. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at approximately $89,000.

About Fidelity MSCI Information Technology Index ETF

(Get Free Report)

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.