Exchange Capital Management Inc. Has $486,000 Stake in Fidelity MSCI Utilities Index ETF $FUTY

Exchange Capital Management Inc. reduced its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 2.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,242 shares of the company’s stock after selling 259 shares during the quarter. Exchange Capital Management Inc.’s holdings in Fidelity MSCI Utilities Index ETF were worth $486,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FUTY. Hilltop National Bank acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the 2nd quarter valued at about $26,000. Vicus Capital boosted its position in Fidelity MSCI Utilities Index ETF by 10.8% during the second quarter. Vicus Capital now owns 8,869 shares of the company’s stock worth $466,000 after purchasing an additional 868 shares during the period. Emerald Advisors LLC bought a new stake in Fidelity MSCI Utilities Index ETF during the second quarter worth approximately $732,000. ORG Partners LLC acquired a new position in Fidelity MSCI Utilities Index ETF during the second quarter valued at approximately $32,000. Finally, Southern Capital Advisors LLC raised its position in shares of Fidelity MSCI Utilities Index ETF by 1.0% in the second quarter. Southern Capital Advisors LLC now owns 50,344 shares of the company’s stock valued at $2,648,000 after purchasing an additional 485 shares during the period.

Fidelity MSCI Utilities Index ETF Trading Up 1.0%

Shares of Fidelity MSCI Utilities Index ETF stock opened at $57.47 on Friday. The firm has a fifty day simple moving average of $55.20 and a 200-day simple moving average of $52.87. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 20.34 and a beta of 0.54. Fidelity MSCI Utilities Index ETF has a 1-year low of $45.94 and a 1-year high of $57.99.

Fidelity MSCI Utilities Index ETF 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.