Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $176.34 and last traded at $176.26, with a volume of 138977 shares traded. The stock had previously closed at $174.32.
Fidelity MSCI Information Technology Index ETF Stock Performance
The firm has a fifty day moving average price of $162.66 and a 200 day moving average price of $154.26. The firm has a market capitalization of $11.04 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. CHURCHILL MANAGEMENT Corp acquired a new position in Fidelity MSCI Information Technology Index ETF during the first quarter worth about $196,694,000. International Assets Investment Management LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at approximately $33,181,000. SteelPeak Wealth LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter valued at $9,538,000. Envestnet Asset Management Inc. raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 16.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 419,820 shares of the company’s stock worth $60,303,000 after acquiring an additional 59,879 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 130.8% in the first quarter. Cetera Investment Advisers now owns 95,511 shares of the company’s stock valued at $14,884,000 after acquiring an additional 54,133 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.
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