Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Hits New 1-Year High – Still a Buy?

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)’s stock price reached a new 52-week high on Monday . The company traded as high as $52.95 and last traded at $52.83, with a volume of 39773 shares. The stock had previously closed at $52.44.

Fidelity MSCI Utilities Index ETF Trading Down 0.2 %

The firm has a market cap of $1.38 billion, a PE ratio of 22.79 and a beta of 0.50. The business’s 50-day simple moving average is $51.32 and its 200 day simple moving average is $48.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. boosted its position in Fidelity MSCI Utilities Index ETF by 23.1% during the third quarter. Sunbelt Securities Inc. now owns 17,416 shares of the company’s stock valued at $902,000 after purchasing an additional 3,265 shares in the last quarter. Glass Jacobson Investment Advisors llc grew its position in shares of Fidelity MSCI Utilities Index ETF by 4.4% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 12,139 shares of the company’s stock worth $629,000 after buying an additional 515 shares during the last quarter. MML Investors Services LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 16.2% during the 3rd quarter. MML Investors Services LLC now owns 31,426 shares of the company’s stock worth $1,628,000 after acquiring an additional 4,372 shares in the last quarter. Glen Eagle Advisors LLC boosted its stake in Fidelity MSCI Utilities Index ETF by 21.4% in the third quarter. Glen Eagle Advisors LLC now owns 1,604 shares of the company’s stock valued at $83,000 after acquiring an additional 283 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in Fidelity MSCI Utilities Index ETF by 97.9% in the third quarter. Stifel Financial Corp now owns 20,181 shares of the company’s stock worth $1,046,000 after purchasing an additional 9,985 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.