Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Stock Price Down 1% – Here’s Why

Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) were down 1% during mid-day trading on Monday . The stock traded as low as $54.13 and last traded at $54.58. 490,289 shares traded hands during trading, an increase of 40% from the average daily volume of 351,155 shares. The stock had previously closed at $55.14.

Fidelity MSCI Utilities Index ETF Price Performance

The company has a market capitalization of $2.22 billion, a PE ratio of 20.34 and a beta of 0.59. The stock has a 50-day simple moving average of $57.59 and a 200 day simple moving average of $58.45.

Institutional Investors Weigh In On Fidelity MSCI Utilities Index ETF

A number of large investors have recently added to or reduced their stakes in the business. Bayban purchased a new position in Fidelity MSCI Utilities Index ETF during the 4th quarter valued at about $26,000. JNBA Financial Advisors acquired a new position in Fidelity MSCI Utilities Index ETF during the second quarter worth about $31,000. Elyxium Wealth LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF in the fourth quarter valued at about $30,000. Trust Co. of Vermont purchased a new stake in shares of Fidelity MSCI Utilities Index ETF in the second quarter valued at about $71,000. Finally, Motiv8 Investments LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF in the fourth quarter valued at about $75,000.

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.