Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) saw unusually-strong trading volume on Wednesday . Approximately 540,988 shares were traded during mid-day trading, an increase of 66% from the previous session’s volume of 326,755 shares.The stock last traded at $191.95 and had previously closed at $188.17.

Fidelity MSCI Information Technology Index ETF Price Performance

The stock has a market cap of $11.96 billion, a PE ratio of 37.14 and a beta of 1.41. The firm has a 50-day moving average of $186.61 and a 200-day moving average of $176.98.

Hedge Funds Weigh In On Fidelity MSCI Information Technology Index ETF

Institutional investors have recently bought and sold shares of the stock. CHURCHILL MANAGEMENT Corp grew its position in shares of Fidelity MSCI Information Technology Index ETF by 0.6% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,291,314 shares of the company’s stock valued at $238,738,000 after purchasing an additional 7,974 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Fidelity MSCI Information Technology Index ETF by 46,646.4% during the third quarter. International Assets Investment Management LLC now owns 811,050 shares of the company’s stock valued at $1,415,280,000 after buying an additional 809,315 shares during the last quarter. Kestra Investment Management LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 24.4% during the 3rd quarter. Kestra Investment Management LLC now owns 168,770 shares of the company’s stock valued at $29,450,000 after buying an additional 33,071 shares in the last quarter. FMR LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 3.7% in the 3rd quarter. FMR LLC now owns 159,393 shares of the company’s stock worth $27,814,000 after acquiring an additional 5,739 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Fidelity MSCI Information Technology Index ETF by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 128,648 shares of the company’s stock worth $22,449,000 after acquiring an additional 6,629 shares in the last quarter.

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.