Commonwealth Equity Services LLC acquired a new position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 327,878 shares of the company’s stock, valued at approximately $16,738,000.
A number of other institutional investors and hedge funds have also made changes to their positions in FUTY. Schmidt P J Investment Management Inc. acquired a new position in Fidelity MSCI Utilities Index ETF during the 3rd quarter worth approximately $276,000. D.A. Davidson & CO. purchased a new stake in shares of Fidelity MSCI Utilities Index ETF in the 3rd quarter valued at approximately $332,000. Graham Capital Wealth Management LLC increased its position in shares of Fidelity MSCI Utilities Index ETF by 5.6% in the 3rd quarter. Graham Capital Wealth Management LLC now owns 4,964 shares of the company’s stock valued at $253,000 after purchasing an additional 263 shares during the last quarter. Latitude Advisors LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the 3rd quarter valued at $101,000. Finally, Roman Butler Fullerton & Co. acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the 3rd quarter valued at $71,000.
Fidelity MSCI Utilities Index ETF Trading Down 0.2%
Shares of FUTY opened at $56.45 on Wednesday. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 20.34 and a beta of 0.55. The firm’s fifty day simple moving average is $54.01 and its 200-day simple moving average is $57.17. Fidelity MSCI Utilities Index ETF has a twelve month low of $50.53 and a twelve month high of $61.51.
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.
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