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axlmayhem87
Oct 15, 2023 1:32 PM

SECTOR-UTILITIES Long

Fidelity MSCI Utilities Index ETFArca

Description

The utilities sector is sitting down on it's long term support line at the moment. Making this a buy for the time being. It could churn around here for a bit before moving, but overall this is buy territory. This is not necessarily a trading opportunity as it would be sector rotation investment, so there is nothing wrong with that. This type of play is all about the cost averaging. The dividend yield on this particular etf is at 3.55% at the moment. FUTY
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