Valmark Advisers Inc. Increases Stock Position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Valmark Advisers Inc. lifted its holdings in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,594 shares of the company’s stock after buying an additional 1,357 shares during the quarter. Valmark Advisers Inc.’s holdings in Fidelity MSCI Utilities Index ETF were worth $4,272,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. HighTower Advisors LLC lifted its stake in shares of Fidelity MSCI Utilities Index ETF by 1.1% during the 3rd quarter. HighTower Advisors LLC now owns 208,720 shares of the company’s stock valued at $10,791,000 after buying an additional 2,307 shares in the last quarter. Apollon Wealth Management LLC purchased a new stake in Fidelity MSCI Utilities Index ETF in the 4th quarter worth approximately $5,073,000. Conrad Siegel Investment Advisors Inc. lifted its stake in 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 worth $3,827,000 after purchasing an additional 9,278 shares in the last quarter. Sweeney & Michel LLC lifted its stake in Fidelity MSCI Utilities Index ETF by 362.6% in the 3rd quarter. Sweeney & Michel LLC now owns 76,080 shares of the company’s stock worth $3,996,000 after purchasing an additional 59,633 shares in the last quarter. Finally, Beaumont Financial Advisors LLC lifted its stake in 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 worth $2,967,000 after purchasing an additional 7,854 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Price Performance

NYSEARCA FUTY opened at $50.94 on Friday. Fidelity MSCI Utilities Index ETF has a 1 year low of $38.98 and a 1 year high of $53.65. The stock has a market capitalization of $1.35 billion, a PE ratio of 22.79 and a beta of 0.50. The company’s 50 day simple moving average is $49.78 and its two-hundred day simple moving average is $50.20.

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.