Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Hits New 1-Year High at $51.17

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $51.17 and last traded at $50.98, with a volume of 91565 shares traded. The stock had previously closed at $50.24.

Fidelity MSCI Utilities Index ETF Price Performance

The company’s 50 day simple moving average is $47.90 and its 200 day simple moving average is $45.14. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

Several large investors have recently bought and sold shares of FUTY. Private Advisor Group LLC raised its holdings in shares of Fidelity MSCI Utilities Index ETF by 74.8% in the second quarter. Private Advisor Group LLC now owns 39,089 shares of the company’s stock valued at $1,718,000 after buying an additional 16,725 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter worth approximately $63,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the second quarter worth $200,000. Monumental Financial Group Inc. grew its position in Fidelity MSCI Utilities Index ETF by 4.7% in the 1st quarter. Monumental Financial Group Inc. now owns 68,430 shares of the company’s stock valued at $2,903,000 after buying an additional 3,073 shares during the last quarter. Finally, Harbour Investments Inc. increased its stake in Fidelity MSCI Utilities Index ETF by 3.4% in the 2nd quarter. Harbour Investments Inc. now owns 15,365 shares of the company’s stock valued at $675,000 after buying an additional 501 shares during the period.

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.