Kingswood Wealth Advisors LLC cut its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) by 72.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 12,149 shares of the company’s stock after selling 31,197 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $620,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in FUTY. Sigma Planning Corp bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the 3rd quarter worth about $1,194,000. Signaturefd LLC bought a new position in Fidelity MSCI Utilities Index ETF during the 3rd quarter valued at about $26,000. Smith Shellnut Wilson LLC ADV bought a new position in shares of Fidelity MSCI Utilities Index ETF in the third quarter valued at approximately $219,000. Diversify Advisory Services LLC bought a new position in shares of Fidelity MSCI Utilities Index ETF in the third quarter valued at approximately $353,000. Finally, Cottage Street Advisors LLC boosted its holdings in shares of Fidelity MSCI Utilities Index ETF by 187.4% in the 3rd quarter. Cottage Street Advisors LLC now owns 12,523 shares of the company’s stock worth $639,000 after acquiring an additional 8,165 shares in the last quarter.
Fidelity MSCI Utilities Index ETF Price Performance
NYSEARCA FUTY opened at $55.64 on Friday. The firm has a market cap of $2.06 billion, a PE ratio of 20.34 and a beta of 0.57. The stock’s 50 day simple moving average is $53.93 and its 200 day simple moving average is $57.16. Fidelity MSCI Utilities Index ETF has a one year low of $50.53 and a one year high of $61.51.
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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