Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Get Free Report)’s share price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $292.03 and traded as high as $293.85. Fidelity MSCI Information Technology Index ETF shares last traded at $293.07, with a volume of 192,910 shares.
Fidelity MSCI Information Technology Index ETF Stock Up 1.5%
The business has a 50-day moving average price of $292.03 and a 200-day moving average price of $259.92. The firm has a market capitalization of $21.78 billion, a PE ratio of 35.45 and a beta of 1.34.
Hedge Funds Weigh In On Fidelity MSCI Information Technology Index ETF
Institutional investors have recently added to or reduced their stakes in the stock. Lido Advisors LLC boosted its stake in Fidelity MSCI Information Technology Index ETF by 3.6% during the first quarter. Lido Advisors LLC now owns 2,175,818 shares of the company’s stock worth $452,679,000 after buying an additional 75,631 shares during the last quarter. Kestra Advisory Services LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 6.1% in the 1st quarter. Kestra Advisory Services LLC now owns 183,454 shares of the company’s stock worth $38,168,000 after acquiring an additional 10,516 shares during the last quarter. Independence Financial Advisors LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 6.6% in the 3rd quarter. Independence Financial Advisors LLC now owns 150,522 shares of the company’s stock worth $45,166,000 after acquiring an additional 9,259 shares during the last quarter. Morningstar Investment Management LLC increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 24.0% in the 1st quarter. Morningstar Investment Management LLC now owns 117,953 shares of the company’s stock worth $24,540,000 after acquiring an additional 22,808 shares during the last quarter. Finally, Fischer Financial Services Inc. increased its stake in shares of Fidelity MSCI Information Technology Index ETF by 1.8% in the 1st quarter. Fischer Financial Services Inc. now owns 88,133 shares of the company’s stock worth $18,336,000 after acquiring an additional 1,582 shares during the last quarter.
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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