FUTY Stock Summary and Trading Ideas (Fidelity MSCI Utilities Index ETF | ARCA:FUTY)

The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Utilities 25/50 Index.

Fidelity MSCI Utilities Index ETF trades on the ARCA stock market under the symbol FUTY.

As of April 22, 2024, FUTY stock price climbed to $42.54 with 134,203 million shares trading.

FUTY has a beta of 0.41, meaning it tends to be less sensitive to market movements. FUTY has a correlation of 0.09 to the broad based SPY ETF.

FUTY has a market cap of $1.14 billion. This is considered a Small Cap stock.

In the last 3 years, FUTY stock traded as high as $50.25 and as low as $35.32.

FUTY stock has underperformed the market in the last year with a return of -2.1%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FUTY shares. However, FUTY has outperformed the market in the last 3 month and 2 week periods, returning +9.3% and +0.9%, while SPY returned +3.9% and -3.6%, respectively. This indicates FUTY has been having a stronger performance recently.

FUTY support price is $41.69 and resistance is $42.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FUTY stock will trade within this expected range on the day.