Sovran Advisors LLC purchased a new stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,047 shares of the company’s stock, valued at approximately $246,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in Fidelity MSCI Utilities Index ETF during the third quarter worth about $28,000. Sound Income Strategies LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF during the 4th quarter worth approximately $27,000. BNP Paribas Financial Markets acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the 3rd quarter worth approximately $56,000. Glen Eagle Advisors LLC increased its stake in Fidelity MSCI Utilities Index ETF by 21.4% in the 3rd quarter. Glen Eagle Advisors LLC now owns 1,604 shares of the company’s stock valued at $83,000 after purchasing an additional 283 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Fidelity MSCI Utilities Index ETF by 45.0% during the third quarter. JPMorgan Chase & Co. now owns 3,143 shares of the company’s stock worth $163,000 after purchasing an additional 975 shares during the last quarter.
Fidelity MSCI Utilities Index ETF Stock Performance
FUTY opened at $51.18 on Friday. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50. Fidelity MSCI Utilities Index ETF has a one year low of $38.60 and a one year high of $53.65. The business’s fifty day moving average is $49.81 and its two-hundred day moving average is $50.13.
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.
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