Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Sees Large Volume Increase – Here’s What Happened

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) shares saw strong trading volume on Wednesday . 2,490,613 shares traded hands during trading, an increase of 973% from the previous session’s volume of 232,040 shares.The stock last traded at $50.51 and had previously closed at $50.93.

Fidelity MSCI Utilities Index ETF Trading Down 0.7 %

The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50. The company’s 50-day moving average is $49.43 and its 200-day moving average is $46.17.

Institutional Trading of Fidelity MSCI Utilities Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in FUTY. CWM LLC raised its holdings in shares of Fidelity MSCI Utilities Index ETF by 66.1% during the 2nd quarter. CWM LLC now owns 1,146 shares of the company’s stock valued at $50,000 after buying an additional 456 shares in the last quarter. American National Bank lifted its stake in Fidelity MSCI Utilities Index ETF by 60.6% during the 1st quarter. American National Bank now owns 1,264 shares of the company’s stock valued at $54,000 after acquiring an additional 477 shares during the period. Gradient Investments LLC boosted its position in Fidelity MSCI Utilities Index ETF by 25,520.0% in the second 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 last quarter. Creekmur Asset Management LLC bought a new stake in Fidelity MSCI Utilities Index ETF during the fourth quarter valued at about $143,000. Finally, Rogco LP purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the first quarter valued at about $157,000.

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.