PFG Advisors Raises Holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

PFG Advisors lifted its holdings in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 13.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,421 shares of the company’s stock after purchasing an additional 1,467 shares during the period. PFG Advisors’ holdings in Fidelity MSCI Utilities Index ETF were worth $606,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FUTY. Janney Montgomery Scott LLC purchased a new stake in Fidelity MSCI Utilities Index ETF in the 3rd quarter worth approximately $996,000. Harbour Investments Inc. lifted its holdings in shares of Fidelity MSCI Utilities Index ETF by 3.7% during the 3rd quarter. Harbour Investments Inc. now owns 15,940 shares of the company’s stock valued at $826,000 after acquiring an additional 575 shares in the last quarter. Lifeworks Advisors LLC lifted its holdings in shares of Fidelity MSCI Utilities Index ETF by 13.2% during the 3rd quarter. Lifeworks Advisors LLC now owns 7,395 shares of the company’s stock valued at $383,000 after acquiring an additional 863 shares in the last quarter. Nwam LLC acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the 3rd quarter valued at $1,050,000. Finally, D.A. Davidson & CO. acquired a new position in Fidelity MSCI Utilities Index ETF in the 3rd quarter worth $1,193,000.

Fidelity MSCI Utilities Index ETF Price Performance

Shares of FUTY stock opened at $50.96 on Friday. Fidelity MSCI Utilities Index ETF has a 12 month low of $40.34 and a 12 month high of $53.65. The firm has a market capitalization of $1.67 billion, a P/E ratio of 21.01 and a beta of 0.65. The company’s fifty day moving average price is $50.34 and its two-hundred day moving average price is $50.58.

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.