Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $300.86 and last traded at $300.6690, with a volume of 197300 shares trading hands. The stock had previously closed at $299.40.
Fidelity MSCI Information Technology Index ETF Stock Performance
The stock has a 50 day moving average price of $282.49 and a two-hundred day moving average price of $263.14. The company has a market capitalization of $22.12 billion, a PE ratio of 35.45 and a beta of 1.35.
Hedge Funds Weigh In On Fidelity MSCI Information Technology Index ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 14.1% in the fourth quarter. LPL Financial LLC now owns 694,702 shares of the company’s stock worth $156,079,000 after acquiring an additional 85,840 shares during the last quarter. Lido Advisors LLC raised its stake in Fidelity MSCI Information Technology Index ETF by 3.6% during the 1st quarter. Lido Advisors LLC now owns 2,175,818 shares of the company’s stock valued at $452,679,000 after purchasing an additional 75,631 shares during the last quarter. Principal Securities Inc. boosted its holdings in Fidelity MSCI Information Technology Index ETF by 72.0% in the 4th quarter. Principal Securities Inc. now owns 149,048 shares of the company’s stock valued at $33,487,000 after purchasing an additional 62,396 shares during the period. Bellwether Advisors LLC bought a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at $11,573,000. Finally, Atlas Capital Advisors Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at $10,162,000.
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.
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