Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Sees Strong Trading Volume

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTYGet Free Report) shares saw strong trading volume on Wednesday . 492,810 shares were traded during trading, an increase of 116% from the previous session’s volume of 227,978 shares.The stock last traded at $45.73 and had previously closed at $45.36.

Fidelity MSCI Utilities Index ETF Trading Up 0.1 %

The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50. The firm has a 50 day moving average price of $45.36 and a 200-day moving average price of $42.50.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Benchmark Financial Wealth Advisors LLC acquired a new position in Fidelity MSCI Utilities Index ETF in the 4th quarter valued at about $1,775,000. Lincoln National Corp boosted its holdings in Fidelity MSCI Utilities Index ETF by 15.8% in the 4th quarter. Lincoln National Corp now owns 24,913 shares of the company’s stock worth $1,018,000 after acquiring an additional 3,408 shares during the period. Callan Capital LLC purchased a new position in Fidelity MSCI Utilities Index ETF in the 4th quarter worth approximately $367,000. B.O.S.S. Retirement Advisors LLC purchased a new position in Fidelity MSCI Utilities Index ETF in the 4th quarter worth approximately $345,000. Finally, Galvin Gaustad & Stein LLC boosted its holdings in Fidelity MSCI Utilities Index ETF by 437.1% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 32,792 shares of the company’s stock worth $1,340,000 after acquiring an additional 26,687 shares during the period.

About Fidelity MSCI Utilities Index ETF

(Get Free Report)

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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