Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Hits New 12-Month Low – Here’s What Happened

Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) reached a new 52-week low during trading on Monday. The stock traded as low as $50.64 and last traded at $50.6680, with a volume of 112938 shares traded. The stock had previously closed at $51.17.

Fidelity MSCI Utilities Index ETF Price Performance

The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 20.34 and a beta of 0.58. The business’s 50 day moving average price is $55.78 and its 200-day moving average price is $57.62.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

A number of large investors have recently modified their holdings of the business. Nwam LLC lifted its position in shares of Fidelity MSCI Utilities Index ETF by 424.8% during the 2nd quarter. Nwam LLC now owns 116,370 shares of the company’s stock valued at $6,330,000 after acquiring an additional 94,197 shares during the period. Bank of America Corp DE grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 0.9% in the 1st quarter. Bank of America Corp DE now owns 9,170,828 shares of the company’s stock worth $541,721,000 after acquiring an additional 77,710 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 21.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 419,958 shares of the company’s stock worth $24,534,000 after acquiring an additional 73,449 shares during the period. Kestra Advisory Services LLC increased its stake in Fidelity MSCI Utilities Index ETF by 13.7% in the 1st quarter. Kestra Advisory Services LLC now owns 552,635 shares of the company’s stock valued at $32,644,000 after purchasing an additional 66,524 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in Fidelity MSCI Utilities Index ETF by 29.9% in the 1st quarter. Cetera Investment Advisers now owns 250,627 shares of the company’s stock valued at $14,805,000 after purchasing an additional 57,657 shares in 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.