Nwam LLC acquired a new stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 20,256 shares of the company’s stock, valued at approximately $1,050,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Sweeney & Michel LLC raised its holdings in Fidelity MSCI Utilities Index ETF by 362.6% during the third quarter. Sweeney & Michel LLC now owns 76,080 shares of the company’s stock valued at $3,996,000 after buying an additional 59,633 shares in the last quarter. Primoris Wealth Advisors LLC bought a new position in shares of Fidelity MSCI Utilities Index ETF in the 3rd quarter valued at approximately $2,942,000. Smith Shellnut Wilson LLC ADV lifted its holdings in Fidelity MSCI Utilities Index ETF by 669.5% in the 2nd quarter. Smith Shellnut Wilson LLC ADV now owns 45,578 shares of the company’s stock worth $2,004,000 after purchasing an additional 39,655 shares during the last quarter. HBW Advisory Services LLC bought a new stake in Fidelity MSCI Utilities Index ETF during the second quarter worth approximately $1,570,000. Finally, GSB Wealth Management LLC grew its holdings in Fidelity MSCI Utilities Index ETF by 228.2% during the third quarter. GSB Wealth Management LLC now owns 51,235 shares of the company’s stock valued at $2,655,000 after purchasing an additional 35,623 shares during the last quarter.
Fidelity MSCI Utilities Index ETF Trading Down 0.4 %
Shares of Fidelity MSCI Utilities Index ETF stock opened at $52.44 on Friday. The firm has a fifty day simple moving average of $51.32 and a 200-day simple moving average of $48.16. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50. Fidelity MSCI Utilities Index ETF has a 1-year low of $38.17 and a 1-year high of $52.94.
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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