Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Hits New 1-Year High – Here’s What Happened

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $272.35 and last traded at $272.16, with a volume of 24579 shares trading hands. The stock had previously closed at $270.74.

Fidelity MSCI Information Technology Index ETF Stock Up 1.4%

The stock’s fifty day simple moving average is $228.70 and its two-hundred day simple moving average is $226.38. The firm has a market cap of $19.97 billion, a PE ratio of 35.45 and a beta of 1.31.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FTEC. PFG Advisors bought a new position in Fidelity MSCI Information Technology Index ETF during the third quarter valued at approximately $22,364,000. Capital Investment Advisors LLC bought a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth approximately $778,000. SteelPeak Wealth LLC raised its stake in Fidelity MSCI Information Technology Index ETF by 3,622.3% during the 4th quarter. SteelPeak Wealth LLC now owns 107,724 shares of the company’s stock valued at $24,202,000 after buying an additional 104,830 shares during the last quarter. Siligmueller & Norvid Wealth Advisors LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at $607,000. Finally, Perennial Investment Advisors LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at $580,000.

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.