From Nasdaq: 2024-04-02 06:20:06

The Fidelity MSCI Information Technology Index ETF (FTEC) is a passively managed ETF launched in 2013, offering exposure to the Technology – Broad sector with a low cost ratio of 0.08%. The fund seeks to match the performance of the MSCI USA IMI Information Technology Index, with top holdings in Apple, Microsoft, and Nvidia.

With over $9.49 billion in assets, FTEC has a 12-month trailing dividend yield of 0.71% and a 1-year return of approximately 37.81%. The ETF has a beta of 1.16, making it a medium risk choice, and holds a Zacks ETF Rank of 1 (Strong Buy), making it an attractive option for investors seeking exposure to the Technology ETFs segment.

Investors looking for alternatives can consider ETFs like Technology Select Sector SPDR ETF (XLK) and Vanguard Information Technology ETF (VGT), which track different indices and have similar expense ratios. FTEC remains an excellent choice for investors seeking broad exposure to the technology sector with low costs and diversified holdings.



Read more at Nasdaq: Should You Invest in the Fidelity MSCI Information Technology Index ETF (FTEC)?