Valmark Advisers Inc. Raises Stock Position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Valmark Advisers Inc. increased its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 72,738 shares of the company’s stock after buying an additional 2,511 shares during the period. Valmark Advisers Inc.’s holdings in Fidelity MSCI Utilities Index ETF were worth $2,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of FUTY. CWM LLC acquired a new position in shares of Fidelity MSCI Utilities Index ETF in the 3rd quarter valued at $26,000. Conrad Siegel Investment Advisors Inc. increased its stake in Fidelity MSCI Utilities Index ETF by 23.9% in the 3rd quarter. Conrad Siegel Investment Advisors Inc. now owns 65,008 shares of the company’s stock valued at $2,465,000 after buying an additional 12,534 shares during the period. Brookstone Capital Management increased its stake in Fidelity MSCI Utilities Index ETF by 42.5% in the 3rd quarter. Brookstone Capital Management now owns 142,630 shares of the company’s stock valued at $5,374,000 after buying an additional 42,531 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Fidelity MSCI Utilities Index ETF by 8.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 300,073 shares of the company’s stock valued at $11,379,000 after buying an additional 22,793 shares during the period. Finally, Financial Management Network Inc. increased its stake in Fidelity MSCI Utilities Index ETF by 7.2% in the 3rd quarter. Financial Management Network Inc. now owns 30,618 shares of the company’s stock valued at $1,117,000 after buying an additional 2,056 shares during the period.

Fidelity MSCI Utilities Index ETF Stock Performance

FUTY traded down $0.47 during trading on Friday, hitting $42.69. The stock had a trading volume of 86,807 shares, compared to its average volume of 277,545. Fidelity MSCI Utilities Index ETF has a twelve month low of $35.32 and a twelve month high of $44.96. The firm has a market capitalization of $1.15 billion, a P/E ratio of 21.47 and a beta of 0.55. The company’s 50-day moving average price is $41.26 and its 200 day moving average price is $40.24.

Fidelity MSCI Utilities Index ETF Company Profile

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.