Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Shares Acquired by Ellis Investment Partners LLC

Ellis Investment Partners LLC lifted its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 3.2% during the third quarter, Holdings Channel reports. The fund owned 7,213 shares of the company’s stock after acquiring an additional 222 shares during the period. Ellis Investment Partners LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $374,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. CWM LLC lifted its stake in Fidelity MSCI Utilities Index ETF by 66.1% in the second quarter. CWM LLC now owns 1,146 shares of the company’s stock worth $50,000 after acquiring an additional 456 shares during the last quarter. American National Bank lifted its position in shares of Fidelity MSCI Utilities Index ETF by 27.8% during the 2nd quarter. American National Bank now owns 1,616 shares of the company’s stock worth $71,000 after purchasing an additional 352 shares during the last quarter. Gradient Investments LLC grew its stake in shares of Fidelity MSCI Utilities Index ETF by 25,520.0% during the second quarter. Gradient Investments LLC now owns 2,562 shares of the company’s stock worth $113,000 after purchasing an additional 2,552 shares in the last quarter. Rogco LP purchased a new position in Fidelity MSCI Utilities Index ETF in the first quarter valued at $157,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Fidelity MSCI Utilities Index ETF in the second quarter valued at $200,000.

Fidelity MSCI Utilities Index ETF Stock Performance

NYSEARCA FUTY traded down $0.73 during trading on Friday, reaching $51.54. 123,181 shares of the company’s stock were exchanged, compared to its average volume of 241,049. The company has a 50 day moving average price of $50.55 and a two-hundred day moving average price of $47.02. The stock has a market cap of $1.36 billion, a P/E ratio of 22.79 and a beta of 0.50. Fidelity MSCI Utilities Index ETF has a 1 year low of $37.52 and a 1 year high of $52.94.

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.