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

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $181.28 and last traded at $181.04, with a volume of 38416 shares trading hands. The stock had previously closed at $178.65.

Fidelity MSCI Information Technology Index ETF Stock Performance

The business’s 50 day moving average price is $168.45 and its 200-day moving average price is $164.38. The firm has a market capitalization of $11.26 billion, a PE ratio of 37.14 and a beta of 1.41.

Institutional Investors Weigh In On Fidelity MSCI Information Technology Index ETF

Several large investors have recently added to or reduced their stakes in the business. WealthShield Partners LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 2.2% during the 2nd quarter. WealthShield Partners LLC now owns 3,377 shares of the company’s stock worth $579,000 after buying an additional 73 shares during the period. Fifth Third Securities Inc. grew its holdings in Fidelity MSCI Information Technology Index ETF by 3.7% during the 2nd quarter. Fifth Third Securities Inc. now owns 2,158 shares of the company’s stock worth $370,000 after acquiring an additional 76 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in Fidelity MSCI Information Technology Index ETF by 2.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 3,485 shares of the company’s stock worth $598,000 after acquiring an additional 81 shares in the last quarter. Liberty Wealth Management LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 1.7% during the 2nd quarter. Liberty Wealth Management LLC now owns 5,412 shares of the company’s stock worth $928,000 after acquiring an additional 93 shares in the last quarter. Finally, Valley Brook Capital Group Inc. grew its holdings in Fidelity MSCI Information Technology Index ETF by 5.2% during the 2nd quarter. Valley Brook Capital Group Inc. now owns 2,025 shares of the company’s stock worth $347,000 after acquiring an additional 100 shares in 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.