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

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) saw unusually-high trading volume on Thursday . Approximately 992,935 shares changed hands 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 Trading Up 1.5 %

The stock has a market capitalization of $9.19 billion, a PE ratio of 37.14 and a beta of 1.41. The firm has a 50-day moving average price of $152.84 and a 200-day moving average price of $144.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FTEC. CHURCHILL MANAGEMENT Corp bought a new position in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter worth $196,694,000. International Assets Investment Management LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth about $33,181,000. Lido Advisors LLC boosted its stake in Fidelity MSCI Information Technology Index ETF by 9.3% in the 3rd quarter. Lido Advisors LLC now owns 1,652,603 shares of the company’s stock worth $203,154,000 after purchasing an additional 141,104 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth about $12,895,000. Finally, SteelPeak Wealth LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 4th quarter worth about $9,538,000.

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.