Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as $52.73 and last traded at $52.7820, with a volume of 236069 shares changing hands. The stock had previously closed at $52.75.
Fidelity MSCI Utilities Index ETF Stock Performance
The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 20.34 and a beta of 0.58. The firm has a fifty day moving average price of $56.48 and a 200 day moving average price of $57.93.
Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF
A number of institutional investors and hedge funds have recently made changes to their positions in FUTY. Smith Salley Wealth Management grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 1.3% in the 1st quarter. Smith Salley Wealth Management now owns 13,635 shares of the company’s stock worth $805,000 after acquiring an additional 170 shares during the period. Global Financial Private Client LLC boosted its position in Fidelity MSCI Utilities Index ETF by 1.9% during the first quarter. Global Financial Private Client LLC now owns 11,180 shares of the company’s stock worth $660,000 after purchasing an additional 209 shares in the last quarter. D.A. Davidson & CO. grew its holdings in Fidelity MSCI Utilities Index ETF by 4.5% in the first quarter. D.A. Davidson & CO. now owns 5,400 shares of the company’s stock valued at $319,000 after purchasing an additional 233 shares during the last quarter. Valmark Advisers Inc. increased its position in shares of Fidelity MSCI Utilities Index ETF by 0.3% in the first quarter. Valmark Advisers Inc. now owns 91,376 shares of the company’s stock valued at $5,398,000 after buying an additional 241 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 5.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 4,707 shares of the company’s stock worth $278,000 after buying an additional 245 shares during the last quarter.
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.
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