Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Reaches New 12-Month Low – Time to Sell?

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $54.10 and last traded at $54.0850, with a volume of 62580 shares traded. The stock had previously closed at $54.70.

Fidelity MSCI Utilities Index ETF Stock Down 1.0%

The stock’s 50-day moving average price is $56.98 and its 200 day moving average price is $58.19. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 20.34 and a beta of 0.58.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

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