Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Hits New 12-Month High at $51.17

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)’s share price hit a new 52-week high on Friday . The stock traded as high as $51.17 and last traded at $50.98, with a volume of 91565 shares changing hands. The stock had previously closed at $50.24.

Fidelity MSCI Utilities Index ETF Price Performance

The stock has a 50-day moving average price of $47.90 and a 200-day moving average price of $45.14. The firm has a market capitalization of $1.35 billion, a PE ratio of 22.79 and a beta of 0.50.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC raised its stake in Fidelity MSCI Utilities Index ETF by 66.1% during the second quarter. CWM LLC now owns 1,146 shares of the company’s stock valued at $50,000 after buying an additional 456 shares in the last quarter. American National Bank raised its position in shares of Fidelity MSCI Utilities Index ETF by 60.6% during the 1st quarter. American National Bank now owns 1,264 shares of the company’s stock valued at $54,000 after acquiring an additional 477 shares in the last quarter. Principal Securities Inc. bought a new position in Fidelity MSCI Utilities Index ETF during the fourth quarter worth $63,000. Gradient Investments LLC boosted its holdings in Fidelity MSCI Utilities Index ETF by 25,520.0% in the second quarter. Gradient Investments LLC now owns 2,562 shares of the company’s stock worth $113,000 after purchasing an additional 2,552 shares during the period. Finally, Creekmur Asset Management LLC bought a new stake in Fidelity MSCI Utilities Index ETF during the fourth quarter valued at $143,000.

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.