Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) saw strong trading volume on Monday . 645,391 shares changed hands during mid-day trading, an increase of 129% from the previous session’s volume of 281,652 shares.The stock last traded at $164.20 and had previously closed at $171.05.

Fidelity MSCI Information Technology Index ETF Price Performance

The stock has a fifty day moving average price of $184.33 and a two-hundred day moving average price of $180.59. The company has a market cap of $11.90 billion, a P/E ratio of 36.37 and a beta of 1.15.

Institutional Trading of Fidelity MSCI Information Technology Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FTEC. EP Wealth Advisors LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 1.2% during the fourth quarter. EP Wealth Advisors LLC now owns 4,773 shares of the company’s stock valued at $882,000 after purchasing an additional 57 shares during the last quarter. Aptus Capital Advisors LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 67.3% in the third quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock valued at $29,000 after buying an additional 68 shares in the last quarter. Truist Financial Corp lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 0.8% during the 4th quarter. Truist Financial Corp now owns 8,150 shares of the company’s stock valued at $1,507,000 after acquiring an additional 68 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 3.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,895 shares of the company’s stock worth $350,000 after acquiring an additional 71 shares in the last quarter. Finally, Whalerock Point Partners LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 0.9% in the 4th quarter. Whalerock Point Partners LLC now owns 10,298 shares of the company’s stock worth $1,904,000 after acquiring an additional 89 shares during the last quarter.

About Fidelity MSCI Information Technology Index ETF

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.