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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 April 25, 2024, FTEC stock price climbed to $147.47 with 166,197 million shares trading.
FTEC has a beta of 1.38, meaning it tends to be more sensitive to market movements. FTEC has a correlation of 0.74 to the broad based SPY ETF.
FTEC has a market cap of $9.16 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 +33.5%, while the SPY ETF gained +23.6%. However, in the most recent history, FTEC shares have underperformed the stock market with its stock returning -2.0% in the last 3 month period and -3.4% for the last 2 week period, while SPY has returned +4.1% and -2.1%, respectively.
FTEC support price is $145.11 and resistance is $149.28 (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.