Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Sees Large Volume Increase

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTYGet Free Report) saw unusually-high trading volume on Wednesday . Approximately 265,663 shares traded hands during trading, an increase of 2% from the previous session’s volume of 259,670 shares.The stock last traded at $46.85 and had previously closed at $46.12.

Fidelity MSCI Utilities Index ETF Trading Up 1.4 %

The company has a market cap of $1.24 billion, a P/E ratio of 22.79 and a beta of 0.50. The firm has a 50 day moving average of $42.43 and a 200-day moving average of $40.85.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

Institutional investors have recently bought and sold shares of the stock. American National Bank lifted its holdings in shares of Fidelity MSCI Utilities Index ETF by 242.2% in the 4th quarter. American National Bank now owns 787 shares of the company’s stock valued at $32,000 after acquiring an additional 557 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter valued at $63,000. O Shaughnessy Asset Management LLC bought a new position in Fidelity MSCI Utilities Index ETF in the 3rd quarter worth about $90,000. Creekmur Asset Management LLC bought a new position in Fidelity MSCI Utilities Index ETF in the fourth quarter worth approximately $143,000. Finally, Rogco LP bought a new position in shares of Fidelity MSCI Utilities Index ETF during the 1st quarter worth $157,000.

Fidelity MSCI Utilities Index ETF Company Profile

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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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