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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 March 28, 2024, FUTY stock price climbed to $42.42 with 105,146 million shares trading.
FUTY has a beta of 0.50, meaning it tends to be less sensitive to market movements. FUTY has a correlation of 0.12 to the broad based SPY ETF.
FUTY has a market cap of $1.15 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 has underperformed the market in the last year with a return of +2.9%, while the SPY ETF gained +33.6%. In the last 3 month period, FUTY fell short of the market, returning +5.3%, while SPY returned +10.1%. However, in the most recent 2 weeks FUTY has outperformed the stock market by returning +3.7%, while SPY returned +1.7%.
FUTY support price is $41.62 and resistance is $42.52 (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.