Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Sees Unusually-High Trading Volume

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTECGet Free Report) shares saw an uptick in trading volume on Thursday . 992,935 shares were traded during mid-day trading, an increase of 277% from the previous session’s volume of 263,708 shares.The stock last traded at $146.60 and had previously closed at $145.34.

Fidelity MSCI Information Technology Index ETF Stock Up 2.6 %

The firm has a fifty day simple moving average of $152.71 and a 200-day simple moving average of $144.31. The company has a market cap of $9.43 billion, a PE ratio of 37.14 and a beta of 1.41.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of New Hampshire acquired a new position in Fidelity MSCI Information Technology Index ETF in the first quarter valued at $25,000. Larson Financial Group LLC raised its stake in Fidelity MSCI Information Technology Index ETF by 193.8% during the 4th quarter. Larson Financial Group LLC now owns 188 shares of the company’s stock valued at $27,000 after acquiring an additional 124 shares during the last quarter. Ables Iannone Moore & Associates Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 4th quarter worth approximately $34,000. NBC Securities Inc. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at approximately $29,000. Finally, Key Financial Inc acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter valued at approximately $38,000.

Fidelity MSCI Information Technology Index ETF Company Profile

(Get Free Report)

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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