Commonwealth Equity Services LLC Reduces Position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Commonwealth Equity Services LLC reduced its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 326,888 shares of the company’s stock after selling 8,394 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $15,942,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Apollon Wealth Management LLC acquired a new position in Fidelity MSCI Utilities Index ETF in the 4th quarter valued at about $5,073,000. Raymond James Financial Inc. acquired a new position in shares of Fidelity MSCI Utilities Index ETF in the fourth quarter valued at approximately $2,975,000. Southern Capital Advisors LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter valued at approximately $2,081,000. Archer Investment Management LLC acquired a new stake in Fidelity MSCI Utilities Index ETF during the fourth quarter worth approximately $1,776,000. Finally, Lifeworks Advisors LLC grew its stake in Fidelity MSCI Utilities Index ETF by 312.0% in the 4th quarter. Lifeworks Advisors LLC now owns 30,469 shares of the company’s stock worth $1,486,000 after acquiring an additional 23,074 shares during the period.

Fidelity MSCI Utilities Index ETF Stock Up 0.5 %

Shares of Fidelity MSCI Utilities Index ETF stock opened at $51.19 on Tuesday. Fidelity MSCI Utilities Index ETF has a fifty-two week low of $40.34 and a fifty-two week high of $53.65. The business’s fifty day moving average is $50.41 and its two-hundred day moving average is $50.64. The firm has a market cap of $1.68 billion, a PE ratio of 20.26 and a beta of 0.62.

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.