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FTEC · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Fidelity MSCI Information Technology Index ETF (FTEC) stock moving?
No news items or SEC filings were found for FTEC in the relevant window, so the analysis rests only on price and volume data. The ETF closed at 263.80 on Nov 10, about 10.5% below the 294.82 close on Oct 28. The sharpest move came on Nov 5, when it fell about 7.5% from 275.75 to 255.15 on roughly 1.72M shares, versus typical daily volume of about 200K to 530K in the period, with trades rising to 37,347. Volume stayed elevated on Nov 6 (699K), then faded to about 440K to 450K on Nov 9 and 10. Since the Nov 5 low, the ETF has rebounded about 3.4%, but it has not reclaimed its late-October levels. Recent highs are also lower, with the Nov 9 high at 268.33 versus 295.56 on Oct 28. The data does not reveal the cause of the selloff, so it cannot be tied to a specific event. Sector, macro, or company-level catalysts may exist outside this dataset.
About Fidelity MSCI Information Technology Index ETF
FTEC is a low-cost Fidelity index fund, launched in 2013, that holds close to 300 US technology companies, from giants like Nvidia, Apple and Microsoft down to smaller firms. It stands out for a very low expense ratio of about 0.08% and broad coverage of the sector, including small and mid caps, with roughly $22 billion in assets.
How the fund works
The fund tracks the MSCI USA IMI Information Technology 25/50 Index and weights its holdings by company size (market cap). It uses representative sampling, so it may not own every stock in the index. Under the 25/50 rule, no single company can make up more than 25% of the fund, and the companies above 5% can't add up to more than 50% combined. Even so, it is concentrated: Nvidia and Apple are each around 17% of assets, and the top 10 holdings make up roughly 60% or more. It pays a small dividend four times a year (yield roughly 0.4%), and annual fees are about 0.08%. The main risk is that everything is in one sector, so it tends to swing more than the broad market.
What usually moves FTEC
- Nvidia, Apple and Microsoft share prices
- AI and data-center spending
- Semiconductor demand cycles
- Interest rates and growth-stock valuations
- Enterprise software and cloud spending