Sweeney & Michel LLC bought a new position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,374 shares of the company’s stock, valued at approximately $755,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in shares of Fidelity MSCI Utilities Index ETF by 185.4% during the fourth quarter. BNP Paribas Financial Markets now owns 428,452 shares of the company’s stock worth $17,507,000 after acquiring an additional 278,340 shares during the last quarter. Richard C. Young & CO. LTD. acquired a new position in Fidelity MSCI Utilities Index ETF in the fourth quarter valued at approximately $3,382,000. Estate Counselors LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 148.2% during the 4th quarter. Estate Counselors LLC now owns 101,530 shares of the company’s stock worth $4,149,000 after buying an additional 60,620 shares during the period. Benchmark Financial Wealth Advisors LLC acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the 4th quarter worth approximately $1,775,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the 4th quarter worth approximately $1,694,000.
Fidelity MSCI Utilities Index ETF Price Performance
NYSEARCA FUTY traded up $0.22 during mid-day trading on Tuesday, hitting $46.51. The stock had a trading volume of 132,962 shares, compared to its average volume of 224,869. The firm’s 50 day moving average is $45.25 and its 200 day moving average is $42.82. Fidelity MSCI Utilities Index ETF has a twelve month low of $35.32 and a twelve month high of $47.02. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50.
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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