Sun Sep 15 11:44:50 UTC 2024: ## Institutional Investors Show Growing Interest in Fidelity MSCI Utilities Index ETF (FUTY)

**New York, NY** – AGF Management Ltd. significantly boosted its stake in Fidelity MSCI Utilities Index ETF (FUTY) by 18.4% during the second quarter, according to a recent SEC filing. This move follows a trend of growing institutional interest in the ETF, with several other investors increasing their holdings or taking new positions.

Private Advisor Group LLC, for example, saw a 74.8% increase in its FUTY holdings, while Monumental Financial Group Inc. and Harbour Investments Inc. both raised their stakes by 4.7% and 3.4% respectively.

New entrants to the scene include Principal Securities Inc. and Bay Colony Advisory Group Inc., who purchased new positions in the ETF during the fourth and second quarters respectively.

The Fidelity MSCI Utilities Index ETF (FUTY) is a passively managed exchange-traded fund tracking the MSCI US IMI Utilities 25/50 Index. This index represents a market-cap-weighted collection of stocks in the US utilities sector, offering investors broad exposure to this industry.

FUTY has seen a strong performance over the past year, with a 1-year high of $50.54. The ETF currently boasts a market capitalization of $1.34 billion and a price-to-earnings ratio of 22.79.

These recent investments from institutional players suggest growing confidence in the long-term prospects of the US utilities sector, and the ETF itself, potentially driving further growth in FUTY’s value.

Read More