2024-07-02 23:33:18 ET
Summary
- The FUTY ETF performed well in Q2, with AI rubbing off on the power-producing sector.
- The fund offers a high dividend yield, and its low expense ratio and solid liquidity make it suitable for long-term investors seeking US sector exposure.
- FUTY's technical view is mixed, however, with potential support at $43 and resistance at $47-$48.
It was a tough stretch for much of the global stock market in the second quarter, at least away from big-cap tech. In the US, just four sectors posted positive returns, led by the Information Technology Select Sector SPDR Fund ETF (XLK), which soared 9% with dividends included. Communication Services (XLC) was next best. Earning the Q2 bronze metal was the Utilities sector. ...
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For further details see:
FUTY: Utilities' AI Intrigue Fades