Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Trading Down 1% – What’s Next?

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTYGet Free Report) traded down 1% during mid-day trading on Monday . The stock traded as low as $54.13 and last traded at $54.58. 490,289 shares changed hands during mid-day trading, an increase of 40% from the average daily volume of 351,155 shares. The stock had previously closed at $55.14.

Fidelity MSCI Utilities Index ETF Stock Down 1.0%

The stock has a market capitalization of $2.22 billion, a PE ratio of 20.34 and a beta of 0.59. The stock has a fifty day moving average of $57.59 and a 200-day moving average of $58.45.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bayban purchased a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter worth approximately $26,000. Elyxium Wealth LLC acquired a new stake in Fidelity MSCI Utilities Index ETF in the fourth quarter valued at approximately $30,000. JNBA Financial Advisors purchased a new position in Fidelity MSCI Utilities Index ETF in the second quarter worth approximately $31,000. Trust Co. of Vermont purchased a new position in Fidelity MSCI Utilities Index ETF in the second quarter worth approximately $71,000. Finally, Motiv8 Investments LLC acquired a new position in Fidelity MSCI Utilities Index ETF during the 4th quarter worth approximately $75,000.

About Fidelity MSCI Utilities Index ETF

(Get Free Report)

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.

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