Galvin Gaustad & Stein LLC Reduces Stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Galvin Gaustad & Stein LLC lowered its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 5.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,425 shares of the company’s stock after selling 650 shares during the quarter. Galvin Gaustad & Stein LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $606,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FUTY. Beaumont Financial Advisors LLC lifted its stake in shares of Fidelity MSCI Utilities Index ETF by 14.8% in the 4th quarter. Beaumont Financial Advisors LLC now owns 60,831 shares of the company’s stock valued at $2,967,000 after purchasing an additional 7,854 shares during the period. Maltin Wealth Management Inc. lifted its stake in shares of Fidelity MSCI Utilities Index ETF by 0.8% in the 4th quarter. Maltin Wealth Management Inc. now owns 41,578 shares of the company’s stock valued at $2,028,000 after purchasing an additional 331 shares during the period. Ameritas Advisory Services LLC lifted its stake in shares of Fidelity MSCI Utilities Index ETF by 25.8% in the 4th quarter. Ameritas Advisory Services LLC now owns 20,216 shares of the company’s stock valued at $986,000 after purchasing an additional 4,142 shares during the period. Global Financial Private Client LLC lifted its stake in shares of Fidelity MSCI Utilities Index ETF by 146.6% in the 4th quarter. Global Financial Private Client LLC now owns 7,666 shares of the company’s stock valued at $374,000 after purchasing an additional 4,557 shares during the period. Finally, Conrad Siegel Investment Advisors Inc. lifted its stake in shares of Fidelity MSCI Utilities Index ETF by 13.4% in the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 78,468 shares of the company’s stock valued at $3,827,000 after purchasing an additional 9,278 shares during the period.

Fidelity MSCI Utilities Index ETF Stock Up 0.4 %

FUTY opened at $50.60 on Thursday. The stock has a market cap of $1.34 billion, a PE ratio of 22.79 and a beta of 0.50. The business has a 50 day moving average of $50.35 and a 200-day moving average of $49.61. Fidelity MSCI Utilities Index ETF has a 52 week low of $38.17 and a 52 week high of $53.65.

Fidelity MSCI Utilities Index ETF 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.