Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Hits New 1-Year High – Still a Buy?

Posted by Mickey Rousseau on Dec 2nd, 2024

Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $187.00 and last traded at $186.97, with a volume of 52506 shares changing hands. The stock had previously closed at $185.27.

Fidelity MSCI Information Technology Index ETF Trading Up 1.1 %

The company has a market cap of $11.67 billion, a P/E ratio of 37.14 and a beta of 1.41. The company’s fifty day moving average is $178.96 and its 200 day moving average is $171.66.

Institutional Investors Weigh In On Fidelity MSCI Information Technology Index ETF

A number of large investors have recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC boosted its stake in shares of Fidelity MSCI Information Technology Index ETF by 67.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 169 shares of the company’s stock valued at $29,000 after purchasing an additional 68 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at about $32,000. Lynx Investment Advisory bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at about $37,000. Strategic Financial Concepts LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at about $43,000. Finally, McClarren Financial Advisors Inc. boosted its stake in shares of 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 purchasing an additional 460 shares in the last quarter.

About Fidelity MSCI Information Technology Index ETF

(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.