Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as $283.95 and last traded at $283.87, with a volume of 96799 shares changing hands. The stock had previously closed at $280.40.
Fidelity MSCI Information Technology Index ETF Price Performance
The stock has a market capitalization of $20.68 billion, a price-to-earnings ratio of 35.45 and a beta of 1.31. The business has a fifty day moving average of $240.16 and a 200 day moving average of $229.19.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in FTEC. Mercer Global Advisors Inc. ADV lifted its holdings in Fidelity MSCI Information Technology Index ETF by 6,087.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 479,401 shares of the company’s stock valued at $106,504,000 after acquiring an additional 471,653 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Fidelity MSCI Information Technology Index ETF by 129.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 700,423 shares of the company’s stock valued at $157,364,000 after acquiring an additional 394,739 shares during the last quarter. Vicus Capital raised its position in Fidelity MSCI Information Technology Index ETF by 2,666.4% in the fourth quarter. Vicus Capital now owns 112,649 shares of the company’s stock valued at $25,309,000 after purchasing an additional 108,577 shares during the period. SteelPeak Wealth LLC raised its position in Fidelity MSCI Information Technology Index ETF by 3,622.3% in the fourth quarter. SteelPeak Wealth LLC now owns 107,724 shares of the company’s stock valued at $24,202,000 after purchasing an additional 104,830 shares during the period. Finally, PFG Advisors purchased a new stake in Fidelity MSCI Information Technology Index ETF in the third quarter valued at approximately $22,364,000.
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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