(FTEC) Fidelity MSCI Information - Ratings and Ratios

The Fidelity® MSCI Information Technology Index ETF (NYSE ARCA:FTEC) is designed to track the performance of the information technology sector in the U.S. equity market. The fund invests at least 80% of its assets in securities included in its underlying index, the MSCI USA IMI Information Technology 25/50 Index. This index is structured to limit individual issuer and sector concentrations, with a 25% cap on individual securities and a 50% cap on the combined weight of the top five securities. While the fund seeks to replicate the index, it may not hold all the securities included in it. The ETF is classified as non-diversified, meaning it can concentrate its holdings in a smaller number of securities. FTEC provides exposure to a broad range of U.S. technology companies, including those involved in software, hardware, semiconductors, and IT services.

From a technical perspective, FTEC is currently trading at $154.52, slightly above its 20-day simple moving average (SMA) of $154.48 but below its 50-day SMA of $167.09 and 200-day SMA of $174.62. This indicates potential resistance at the 50-day SMA and longer-term downtrend relative to the 200-day SMA. Average trading volume over the past 20 days is approximately 531,600 shares, and the Average True Range (ATR) of 6.21 suggests moderate volatility. The fund has significant assets under management (AUM) of $10,983.48 million, reflecting its popularity and liquidity in the market.