Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Reaches New 12-Month High – What’s Next?

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $192.43 and last traded at $192.35, with a volume of 167983 shares changing hands. The stock had previously closed at $190.53.

Fidelity MSCI Information Technology Index ETF Trading Down 3.3 %

The stock has a market capitalization of $11.53 billion, a PE ratio of 37.14 and a beta of 1.41. The firm’s 50-day moving average price is $183.06 and its 200-day moving average price is $174.15.

Institutional Trading of Fidelity MSCI Information Technology Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FTEC. Aptus Capital Advisors LLC raised its position in Fidelity MSCI Information Technology Index ETF by 67.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock worth $29,000 after purchasing an additional 68 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the second quarter worth approximately $32,000. Voisard Asset Management Group Inc. bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth approximately $89,000. McClarren Financial Advisors Inc. boosted its holdings in Fidelity MSCI Information Technology Index ETF by 851.9% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 514 shares of the company’s stock valued at $88,000 after acquiring an additional 460 shares during the period. Finally, FSA Wealth Management LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at $90,000.

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.