Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Sees Strong Trading Volume – What’s Next?

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) saw an uptick in trading volume on Wednesday . 493,029 shares were traded during trading, an increase of 87% from the previous session’s volume of 263,111 shares.The stock last traded at $49.54 and had previously closed at $48.73.

Fidelity MSCI Utilities Index ETF Stock Up 0.2 %

The company’s fifty day moving average is $50.34 and its two-hundred day moving average is $49.38. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

Several large investors have recently bought and sold shares of the business. Sweeney & Michel LLC raised its holdings in Fidelity MSCI Utilities Index ETF by 362.6% during the third quarter. Sweeney & Michel LLC now owns 76,080 shares of the company’s stock worth $3,996,000 after purchasing an additional 59,633 shares in the last quarter. Primoris Wealth Advisors LLC acquired a new stake in Fidelity MSCI Utilities Index ETF during the 3rd quarter worth $2,942,000. GSB Wealth Management LLC lifted its position in Fidelity MSCI Utilities Index ETF by 228.2% in the third quarter. GSB Wealth Management LLC now owns 51,235 shares of the company’s stock valued at $2,655,000 after acquiring an additional 35,623 shares during the last quarter. D.A. Davidson & CO. acquired a new position in Fidelity MSCI Utilities Index ETF in the third quarter valued at $1,193,000. Finally, Cedar Wealth Management LLC increased its position in shares of Fidelity MSCI Utilities Index ETF by 114.2% during the second quarter. Cedar Wealth Management LLC now owns 40,118 shares of the company’s stock worth $1,764,000 after purchasing an additional 21,387 shares in the last quarter.

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.