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

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) saw an uptick in trading volume on Wednesday . 526,721 shares traded hands during mid-day trading, an increase of 130% from the previous session’s volume of 229,333 shares.The stock last traded at $47.87 and had previously closed at $47.79.

Fidelity MSCI Utilities Index ETF Stock Down 0.0 %

The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50. The company has a 50-day moving average price of $45.51 and a 200 day moving average price of $43.38.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

A number of large investors have recently made changes to their positions in the business. AE Wealth Management LLC grew its position in Fidelity MSCI Utilities Index ETF by 2.5% during the second quarter. AE Wealth Management LLC now owns 547,567 shares of the company’s stock valued at $24,071,000 after purchasing an additional 13,515 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Fidelity MSCI Utilities Index ETF by 185.4% during the 4th quarter. BNP Paribas Financial Markets now owns 428,452 shares of the company’s stock valued at $17,507,000 after buying an additional 278,340 shares during the period. Osaic Holdings Inc. grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 17.2% during the 1st quarter. Osaic Holdings Inc. now owns 264,672 shares of the company’s stock valued at $11,234,000 after acquiring an additional 38,867 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 5.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 226,878 shares of the company’s stock valued at $9,974,000 after acquiring an additional 11,819 shares in the last quarter. Finally, Brookstone Capital Management increased its stake in shares of Fidelity MSCI Utilities Index ETF by 8.9% in the second quarter. Brookstone Capital Management now owns 160,448 shares of the company’s stock worth $7,283,000 after acquiring an additional 13,112 shares during 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.