Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Hits New 1-Year High at $47.16

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $47.16 and last traded at $46.92, with a volume of 16706 shares changing hands. The stock had previously closed at $46.51.

Fidelity MSCI Utilities Index ETF Trading Up 1.1 %

The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50. The business has a 50 day simple moving average of $45.25 and a 200-day simple moving average of $42.82.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American National Bank boosted its holdings in Fidelity MSCI Utilities Index ETF by 242.2% during the fourth quarter. American National Bank now owns 787 shares of the company’s stock worth $32,000 after buying an additional 557 shares in the last quarter. CWM LLC lifted its holdings in shares of Fidelity MSCI Utilities Index ETF by 66.1% during the 2nd quarter. CWM LLC now owns 1,146 shares of the company’s stock worth $50,000 after acquiring an additional 456 shares during the period. Principal Securities Inc. bought a new position in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter valued at $63,000. Gradient Investments LLC raised its holdings in shares of 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 valued at $113,000 after buying an additional 2,552 shares during the last quarter. Finally, Creekmur Asset Management LLC bought a new position in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter valued at about $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.