Essex Financial Services Inc. cut its holdings in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,263 shares of the company’s stock after selling 310 shares during the quarter. Essex Financial Services Inc.’s holdings in Fidelity MSCI Utilities Index ETF were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of FUTY. Sound Income Strategies LLC acquired a new position in Fidelity MSCI Utilities Index ETF during the 4th quarter worth about $27,000. Wilmington Savings Fund Society FSB acquired a new position in Fidelity MSCI Utilities Index ETF during the 3rd quarter worth about $28,000. BNP Paribas Financial Markets acquired a new position in Fidelity MSCI Utilities Index ETF during the 3rd quarter worth about $56,000. Glen Eagle Advisors LLC lifted its stake in Fidelity MSCI Utilities Index ETF by 21.4% during the 3rd quarter. Glen Eagle Advisors LLC now owns 1,604 shares of the company’s stock worth $83,000 after acquiring an additional 283 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Fidelity MSCI Utilities Index ETF by 45.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,143 shares of the company’s stock worth $163,000 after acquiring an additional 975 shares in the last quarter.
Fidelity MSCI Utilities Index ETF Trading Up 0.3 %
FUTY opened at $51.18 on Friday. The stock’s 50-day moving average price is $49.81 and its 200 day moving average price is $50.13. Fidelity MSCI Utilities Index ETF has a 12-month low of $38.60 and a 12-month high of $53.65. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50.
Fidelity MSCI Utilities Index ETF Company 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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