Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Get Free Report) shares saw an uptick in trading volume on Tuesday . 339,938 shares were traded during mid-day trading, an increase of 15% from the previous session’s volume of 295,824 shares.The stock last traded at $58.63 and had previously closed at $59.13.
Fidelity MSCI Utilities Index ETF Stock Up 0.5%
The stock has a market capitalization of $2.35 billion, a PE ratio of 20.34 and a beta of 0.61. The stock has a fifty day moving average of $58.67 and a 200-day moving average of $57.41.
Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CW Advisors LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at approximately $704,000. Qube Research & Technologies Ltd purchased a new stake in shares of Fidelity MSCI Utilities Index ETF during the 2nd quarter worth $147,000. NewEdge Advisors LLC grew its stake in shares of Fidelity MSCI Utilities Index ETF by 1.8% during the second quarter. NewEdge Advisors LLC now owns 64,625 shares of the company’s stock worth $3,399,000 after purchasing an additional 1,159 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Fidelity MSCI Utilities Index ETF by 4.5% during the second quarter. Ameriprise Financial Inc. now owns 77,542 shares of the company’s stock worth $4,079,000 after purchasing an additional 3,358 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Fidelity MSCI Utilities Index ETF by 2.0% in the second quarter. Bank of America Corp DE now owns 8,795,631 shares of the company’s stock valued at $462,650,000 after buying an additional 171,754 shares during the last quarter.
Fidelity MSCI Utilities Index ETF Company Profile
The Fidelity MSCI Utilities Index ETF (FUTY) is an exchange-traded fund that is based on the MSCI USA IMI Utilities 25\u002F50 index. The fund tracks the MSCI US IMI Utilities 25\u002F50 Index, a market-cap-weighted index of stocks in the US utilities sector. FUTY was launched on Oct 21, 2013 and is managed by Fidelity.
Further Reading
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