Gimbal Financial Acquires Shares of 168,867 Fidelity MSCI Utilities Index ETF $FUTY

Gimbal Financial bought a new position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 168,867 shares of the company’s stock, valued at approximately $8,882,000. Fidelity MSCI Utilities Index ETF makes up about 5.5% of Gimbal Financial’s investment portfolio, making the stock its 9th largest position. Gimbal Financial owned approximately 0.48% of Fidelity MSCI Utilities Index ETF at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Hilltop National Bank purchased a new position in Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at about $26,000. ORG Partners LLC acquired a new stake in Fidelity MSCI Utilities Index ETF during the 2nd quarter worth approximately $32,000. IMG Wealth Management Inc. acquired a new stake in Fidelity MSCI Utilities Index ETF during the 2nd quarter worth approximately $34,000. Eastern Bank acquired a new stake in Fidelity MSCI Utilities Index ETF in the second quarter valued at approximately $70,000. Finally, Nova Wealth Management Inc. grew its position in Fidelity MSCI Utilities Index ETF by 2,000.0% in the second quarter. Nova Wealth Management Inc. now owns 1,743 shares of the company’s stock valued at $92,000 after acquiring an additional 1,660 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Trading Down 1.2%

FUTY stock opened at $58.53 on Wednesday. The firm has a 50 day simple moving average of $56.06 and a 200-day simple moving average of $53.59. Fidelity MSCI Utilities Index ETF has a twelve month low of $45.94 and a twelve month high of $60.56. The company has a market capitalization of $2.17 billion, a P/E ratio of 20.34 and a beta of 0.54.

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.