18-Mar-2024
No headlines found.
No press releases found.
No news found.
The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Information Technology 25/50 Index.
Fidelity MSCI Information Technology Index ETF trades on the ARCA stock market under the symbol FTEC.
As of March 18, 2024, FTEC stock price climbed to $153.66 with 162,730 million shares trading.
FTEC has a beta of 1.24, meaning it tends to be more sensitive to market movements. FTEC has a correlation of 0.66 to the broad based SPY ETF.
FTEC has a market cap of $9.24 billion. This is considered a Mid Cap stock.
In the last 3 years, FTEC stock traded as high as $159.43 and as low as $86.19.
FTEC has outperformed the market in the last year with a return of +46.6%, while the SPY ETF gained +33.9%. However, in the most recent history, FTEC shares have underperformed the stock market with its stock returning +7.7% in the last 3 month period and -1.8% for the last 2 week period, while SPY has returned +9.6% and +0.3%, respectively.
FTEC support price is $150.97 and resistance is $154.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FTEC stock will trade within this expected range on the day.