Lynch & Associates IN Raises Holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Lynch & Associates IN lifted its position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 7.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,153 shares of the company’s stock after purchasing an additional 908 shares during the period. Lynch & Associates IN’s holdings in Fidelity MSCI Utilities Index ETF were worth $682,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Smith Shellnut Wilson LLC ADV increased its stake in Fidelity MSCI Utilities Index ETF by 669.5% in the second quarter. Smith Shellnut Wilson LLC ADV now owns 45,578 shares of the company’s stock valued at $2,004,000 after purchasing an additional 39,655 shares during the period. Osaic Holdings Inc. lifted its position in Fidelity MSCI Utilities Index ETF by 17.2% during the 1st quarter. Osaic Holdings Inc. now owns 264,672 shares of the company’s stock worth $11,234,000 after acquiring an additional 38,867 shares during the period. HBW Advisory Services LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at approximately $1,570,000. Cedar Wealth Management LLC increased its holdings in shares of Fidelity MSCI Utilities Index ETF by 114.2% in the second quarter. Cedar Wealth Management LLC now owns 40,118 shares of the company’s stock valued at $1,764,000 after purchasing an additional 21,387 shares during the period. Finally, Atlas Capital Advisors LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 91.9% during the second quarter. Atlas Capital Advisors LLC now owns 38,471 shares of the company’s stock worth $1,691,000 after purchasing an additional 18,422 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Price Performance

NYSEARCA:FUTY opened at $51.76 on Wednesday. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50. The firm’s fifty day moving average price is $49.70 and its 200 day moving average price is $46.42. Fidelity MSCI Utilities Index ETF has a 1-year low of $36.68 and a 1-year high of $52.55.

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.