Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Sees Large Volume Increase – What’s Next?

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) saw an uptick in trading volume on Tuesday . Approximately 339,938 shares changed hands during 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 Price Performance

The business has a 50 day simple moving average of $58.53 and a 200 day simple moving average of $57.37. The stock has a market cap of $2.33 billion, a PE ratio of 20.34 and a beta of 0.61.

Institutional Investors Weigh In On Fidelity MSCI Utilities Index ETF

Several large investors have recently made changes to their positions in the company. Roman Butler Fullerton & Co. bought a new stake in Fidelity MSCI Utilities Index ETF in the third quarter worth approximately $1,171,000. AGF Management Ltd. raised its holdings in shares of Fidelity MSCI Utilities Index ETF by 10.2% during the 3rd quarter. AGF Management Ltd. now owns 104,371 shares of the company’s stock valued at $5,894,000 after purchasing an additional 9,652 shares in the last quarter. Independence Financial Advisors LLC lifted its stake in shares of Fidelity MSCI Utilities Index ETF by 2,625.7% in the 3rd quarter. Independence Financial Advisors LLC now owns 192,868 shares of the company’s stock valued at $10,891,000 after purchasing an additional 185,792 shares during the last quarter. AE Wealth Management LLC boosted its holdings in Fidelity MSCI Utilities Index ETF by 19.3% in the third quarter. AE Wealth Management LLC now owns 1,041,815 shares of the company’s stock worth $58,831,000 after purchasing an additional 168,631 shares in the last quarter. Finally, Northside Capital Management LLC boosted its holdings in Fidelity MSCI Utilities Index ETF by 2,866.0% in the third quarter. Northside Capital Management LLC now owns 118,343 shares of the company’s stock worth $6,683,000 after purchasing an additional 114,353 shares in 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.