Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Shares Sold by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC decreased its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 5.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,075 shares of the company’s stock after selling 700 shares during the quarter. Galvin Gaustad & Stein LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $678,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. PFG Advisors grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 5.8% in the 1st quarter. PFG Advisors now owns 5,705 shares of the company’s stock worth $242,000 after acquiring an additional 312 shares during the last quarter. Rogco LP acquired a new stake in Fidelity MSCI Utilities Index ETF during the 1st quarter worth about $157,000. Osaic Holdings Inc. raised its holdings 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 buying an additional 38,867 shares during the period. Cedar Wealth Management LLC lifted its stake in Fidelity MSCI Utilities Index ETF by 3.8% during the first quarter. Cedar Wealth Management LLC now owns 18,731 shares of the company’s stock valued at $795,000 after buying an additional 679 shares in the last quarter. Finally, Sweeney & Michel LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF in the first quarter worth approximately $755,000.

Fidelity MSCI Utilities Index ETF Price Performance

FUTY stock opened at $50.93 on Friday. The company’s 50 day simple moving average is $50.95 and its 200-day simple moving average is $47.61. Fidelity MSCI Utilities Index ETF has a 52-week low of $38.14 and a 52-week high of $52.94. The firm has a market capitalization of $1.35 billion, a P/E ratio of 22.79 and a beta of 0.50.

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.