Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Hits New 52-Week High – Here’s Why

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $193.06 and last traded at $192.09, with a volume of 38791 shares traded. The stock had previously closed at $192.30.

Fidelity MSCI Information Technology Index ETF Trading Down 1.0 %

The firm has a market cap of $11.87 billion, a P/E ratio of 37.14 and a beta of 1.41. The business’s fifty day simple moving average is $187.21 and its 200-day simple moving average is $177.35.

Institutional Trading of Fidelity MSCI Information Technology Index ETF

Several large investors have recently modified their holdings of FTEC. International Assets Investment Management LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF by 46,646.4% in the 3rd quarter. International Assets Investment Management LLC now owns 811,050 shares of the company’s stock worth $1,415,280,000 after buying an additional 809,315 shares during the period. SteelPeak Wealth LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the fourth quarter worth $53,085,000. Kestra Investment Management LLC bought a new stake in Fidelity MSCI Information Technology Index ETF in the second quarter valued at $23,275,000. Eaton Financial Holdings Company LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at $12,347,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Fidelity MSCI Information Technology Index ETF by 93.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,320 shares of the company’s stock valued at $17,096,000 after purchasing an additional 47,500 shares during the period.

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.