Northwestern Mutual Wealth Management Co. increased its position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) by 47.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,074 shares of the company’s stock after buying an additional 24,055 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.19% of Fidelity MSCI Utilities Index ETF worth $4,146,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in FUTY. Elyxium Wealth LLC purchased a new stake in Fidelity MSCI Utilities Index ETF during the fourth quarter worth $30,000. Atlantic Union Bankshares Corp purchased a new stake in Fidelity MSCI Utilities Index ETF during the third quarter worth $39,000. First Horizon Corp purchased a new stake in Fidelity MSCI Utilities Index ETF during the fourth quarter worth $42,000. Global Retirement Partners LLC boosted its holdings in Fidelity MSCI Utilities Index ETF by 46.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,723 shares of the company’s stock worth $95,000 after buying an additional 544 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in Fidelity MSCI Utilities Index ETF by 689.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 2,028 shares of the company’s stock worth $112,000 after buying an additional 1,771 shares in the last quarter.
Fidelity MSCI Utilities Index ETF Stock Performance
Shares of NYSEARCA FUTY opened at $56.94 on Friday. The company’s fifty day moving average price is $58.71 and its 200 day moving average price is $57.79. Fidelity MSCI Utilities Index ETF has a 1 year low of $51.50 and a 1 year high of $61.51. The company has a market capitalization of $2.32 billion, a PE ratio of 20.34 and a beta of 0.60.
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.
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