Sigma Planning Corp Grows Stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Sigma Planning Corp increased its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 13.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,089 shares of the company’s stock after purchasing an additional 3,111 shares during the period. Sigma Planning Corp owned 0.10% of Fidelity MSCI Utilities Index ETF worth $1,321,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FUTY. Trail Ridge Investment Advisors LLC lifted its holdings in shares of Fidelity MSCI Utilities Index ETF by 2.3% in the third quarter. Trail Ridge Investment Advisors LLC now owns 10,357 shares of the company’s stock worth $545,000 after buying an additional 233 shares in the last quarter. Valmark Advisers Inc. lifted its stake in Fidelity MSCI Utilities Index ETF by 11.0% in the 3rd quarter. Valmark Advisers Inc. now owns 86,237 shares of the company’s stock worth $4,469,000 after purchasing an additional 8,524 shares in the last quarter. GSB Wealth Management LLC boosted its holdings in shares of Fidelity MSCI Utilities Index ETF by 228.2% during the 3rd quarter. GSB Wealth Management LLC now owns 51,235 shares of the company’s stock valued at $2,655,000 after purchasing an additional 35,623 shares during the last quarter. Penobscot Wealth Management purchased a new stake in shares of Fidelity MSCI Utilities Index ETF in the third quarter worth about $220,000. Finally, Janney Montgomery Scott LLC purchased a new position in Fidelity MSCI Utilities Index ETF during the 3rd quarter valued at approximately $996,000.

Fidelity MSCI Utilities Index ETF Trading Down 0.5 %

Shares of NYSEARCA FUTY opened at $51.45 on Tuesday. Fidelity MSCI Utilities Index ETF has a 12-month low of $39.08 and a 12-month high of $53.65. The firm’s 50-day moving average price is $49.95 and its 200-day moving average price is $50.40. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50.

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.