Lynch & Associates IN Purchases 387 Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Lynch & Associates IN lifted its position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,830 shares of the company’s stock after purchasing an additional 387 shares during the period. Lynch & Associates IN’s holdings in Fidelity MSCI Utilities Index ETF were worth $373,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FUTY. Raymond James Financial Services Advisors Inc. lifted its position in shares of Fidelity MSCI Utilities Index ETF by 68.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,956 shares of the company’s stock valued at $477,000 after purchasing an additional 4,044 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Fidelity MSCI Utilities Index ETF during the first quarter valued at about $750,000. NewEdge Advisors LLC lifted its position in shares of Fidelity MSCI Utilities Index ETF by 195.5% during the first quarter. NewEdge Advisors LLC now owns 80,972 shares of the company’s stock valued at $3,880,000 after purchasing an additional 53,568 shares in the last quarter. Mariner LLC raised its position in Fidelity MSCI Utilities Index ETF by 8.4% in the first quarter. Mariner LLC now owns 31,123 shares of the company’s stock worth $1,491,000 after acquiring an additional 2,423 shares during the period. Finally, Jaffetilchin Investment Partners LLC raised its position in Fidelity MSCI Utilities Index ETF by 14.0% in the first quarter. Jaffetilchin Investment Partners LLC now owns 17,641 shares of the company’s stock worth $800,000 after acquiring an additional 2,163 shares during the period.

Fidelity MSCI Utilities Index ETF Stock Performance

FUTY stock traded down $0.08 during mid-day trading on Tuesday, hitting $41.27. The company had a trading volume of 85,952 shares, compared to its average volume of 260,845. The firm has a market cap of $1.82 billion, a PE ratio of 24.22 and a beta of 0.54. Fidelity MSCI Utilities Index ETF has a 12 month low of $39.14 and a 12 month high of $48.16. The stock’s fifty day moving average price is $41.73 and its two-hundred day moving average price is $42.72.

About Fidelity MSCI Utilities Index ETF

The Fidelity MSCI Utilities Index ETF (FUTY) is an exchange-traded fund that is based on the MSCI USA IMI Utilities 25\u002F50 index. The fund tracks the MSCI US IMI Utilities 25\u002F50 Index, a market-cap-weighted index of stocks in the US utilities sector. FUTY was launched on Oct 21, 2013 and is managed by Fidelity.