Elevated Capital Advisors LLC reduced its position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) by 85.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,593 shares of the company’s stock after selling 14,884 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $132,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in FUTY. Allspring Global Investments Holdings LLC grew its position in shares of Fidelity MSCI Utilities Index ETF by 167.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,490 shares of the company’s stock worth $743,000 after buying an additional 9,077 shares during the period. StoneX Group Inc. bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the third quarter worth approximately $346,000. Investment Management Corp VA ADV bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the third quarter worth approximately $1,308,000. Commonwealth Equity Services LLC acquired a new position in Fidelity MSCI Utilities Index ETF in the third quarter valued at approximately $16,738,000. Finally, Schmidt P J Investment Management Inc. acquired a new position in Fidelity MSCI Utilities Index ETF in the third quarter valued at approximately $276,000.
Fidelity MSCI Utilities Index ETF Stock Performance
FUTY opened at $56.58 on Thursday. The company has a fifty day moving average price of $54.04 and a two-hundred day moving average price of $57.17. The firm has a market capitalization of $2.07 billion, a PE ratio of 18.18 and a beta of 0.56. Fidelity MSCI Utilities Index ETF has a 52 week low of $50.53 and a 52 week 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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