Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Reaches New 52-Week High at $49.87

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $49.87 and last traded at $49.78, with a volume of 85851 shares. The stock had previously closed at $49.70.

Fidelity MSCI Utilities Index ETF Trading Up 0.2 %

The stock’s 50 day moving average price is $47.08 and its 200 day moving average price is $44.69. The firm has a market cap of $1.32 billion, a PE ratio of 22.79 and a beta of 0.50.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. American National Bank increased its position in shares of 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 acquiring an additional 557 shares during the last quarter. CWM LLC increased its stake in Fidelity MSCI Utilities Index ETF by 66.1% during the second quarter. CWM LLC now owns 1,146 shares of the company’s stock valued at $50,000 after purchasing an additional 456 shares during the last quarter. Principal Securities Inc. acquired a new stake in Fidelity MSCI Utilities Index ETF during the fourth quarter worth about $63,000. Gradient Investments LLC raised its position in shares of Fidelity MSCI Utilities Index ETF by 25,520.0% during the 2nd quarter. Gradient Investments LLC now owns 2,562 shares of the company’s stock worth $113,000 after purchasing an additional 2,552 shares during the period. Finally, Creekmur Asset Management LLC bought a new stake in Fidelity MSCI Utilities Index ETF in the fourth quarter valued at $143,000.

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.