Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Sets New 12-Month High at $51.85

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)’s share price reached a new 52-week high on Monday . The stock traded as high as $51.85 and last traded at $51.65, with a volume of 1184 shares traded. The stock had previously closed at $51.13.

Fidelity MSCI Utilities Index ETF Stock Performance

The stock has a 50-day moving average of $48.62 and a two-hundred day moving average of $45.63. The company has a market cap of $1.36 billion, a P/E ratio of 22.79 and a beta of 0.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. AE Wealth Management LLC lifted its position in Fidelity MSCI Utilities Index ETF by 2.5% during the second quarter. AE Wealth Management LLC now owns 547,567 shares of the company’s stock valued at $24,071,000 after purchasing an additional 13,515 shares during the period. Osaic Holdings Inc. increased its position in Fidelity MSCI Utilities Index ETF by 17.2% in the first quarter. Osaic Holdings Inc. now owns 264,672 shares of the company’s stock worth $11,234,000 after buying an additional 38,867 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Fidelity MSCI Utilities Index ETF by 5.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 226,878 shares of the company’s stock worth $9,974,000 after buying an additional 11,819 shares during the period. Brookstone Capital Management lifted its position in shares of Fidelity MSCI Utilities Index ETF by 8.9% during the 2nd quarter. Brookstone Capital Management now owns 160,448 shares of the company’s stock valued at $7,283,000 after buying an additional 13,112 shares in the last quarter. Finally, IFG Advisory LLC grew its stake in shares of Fidelity MSCI Utilities Index ETF by 2.7% during the 2nd quarter. IFG Advisory LLC now owns 134,890 shares of the company’s stock valued at $5,930,000 after acquiring an additional 3,585 shares during the period.

About Fidelity MSCI Utilities Index ETF

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.