FTEC Stock Summary and Trading Ideas (Fidelity MSCI Information Technology Index ETF | ARCA:FTEC)

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 May 21, 2024, FTEC stock price declined to $159.60 with 40,751 million shares trading.

FTEC has a beta of 1.41, meaning it tends to be more sensitive to market movements. FTEC has a correlation of 0.75 to the broad based SPY ETF.

FTEC has a market cap of $9.82 billion. This is considered a Mid Cap stock.

In the last 3 years, FTEC stock traded as high as $160.58 and as low as $86.19.

FTEC has outperformed the market in the last year with a price return of +35.5% while the SPY ETF gained +28.2%. However, in the short term, FTEC had mixed performance relative to the market. It has underperformed in the last 3 months, returning +6.9% vs +7.0% return in SPY. But in the last 2 weeks, FTEC shares have fared better than the market returning +3.8% compared to SPY +2.6%.

FTEC support price is $158.31 and resistance is $162.21 (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.