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

Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) saw strong trading volume on Thursday . 992,935 shares traded hands during 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 Stock Up 1.5 %

The business has a 50 day moving average of $152.84 and a 200 day moving average of $144.11. The company has a market capitalization of $9.19 billion, a P/E ratio of 37.14 and a beta of 1.41.

Institutional Investors Weigh In On Fidelity MSCI Information Technology Index ETF

Several institutional investors have recently modified their holdings of FTEC. Bank of New Hampshire bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at approximately $25,000. Larson Financial Group LLC lifted its stake in shares of Fidelity MSCI Information Technology Index ETF by 193.8% in the 4th quarter. Larson Financial Group LLC now owns 188 shares of the company’s stock valued at $27,000 after purchasing an additional 124 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at approximately $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the fourth quarter worth approximately $34,000. Finally, Provence Wealth Management Group purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth approximately $37,000.

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.