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

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) shares saw unusually-strong trading volume on Tuesday . Approximately 339,938 shares traded hands during trading, an increase of 15% from the previous session’s volume of 295,824 shares.The stock last traded at $58.63 and had previously closed at $59.13.

Fidelity MSCI Utilities Index ETF Stock Down 0.5%

The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 20.34 and a beta of 0.61. The company has a 50-day moving average price of $58.53 and a 200 day moving average price of $57.37.

Institutional Trading of Fidelity MSCI Utilities Index ETF

A number of hedge funds have recently made changes to their positions in the stock. CW Advisors LLC acquired a new position in Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at approximately $704,000. Qube Research & Technologies Ltd acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the 2nd quarter valued at $147,000. NewEdge Advisors LLC grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 1.8% during the 2nd quarter. NewEdge Advisors LLC now owns 64,625 shares of the company’s stock valued at $3,399,000 after acquiring an additional 1,159 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 4.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 77,542 shares of the company’s stock valued at $4,079,000 after acquiring an additional 3,358 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Fidelity MSCI Utilities Index ETF by 2.0% in the second quarter. Bank of America Corp DE now owns 8,795,631 shares of the company’s stock worth $462,650,000 after acquiring an additional 171,754 shares during 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.