Almanack Investment Partners LLC. Takes Position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Almanack Investment Partners LLC. purchased a new position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Get Rating) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,900 shares of the company’s stock, valued at approximately $80,000.

A number of other institutional investors have also recently added to or reduced their stakes in FUTY. Raymond James Financial Services Advisors Inc. boosted its position in Fidelity MSCI Utilities Index ETF by 68.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,956 shares of the company’s stock worth $477,000 after purchasing an additional 4,044 shares during the period. Private Advisor Group LLC acquired a new position in Fidelity MSCI Utilities Index ETF in the 1st quarter worth $750,000. NewEdge Advisors LLC lifted its holdings in Fidelity MSCI Utilities Index ETF by 195.5% in the 1st quarter. NewEdge Advisors LLC now owns 80,972 shares of the company’s stock worth $3,880,000 after buying an additional 53,568 shares in the last quarter. Mariner LLC lifted its holdings in Fidelity MSCI Utilities Index ETF by 8.4% in the 1st quarter. Mariner LLC now owns 31,123 shares of the company’s stock worth $1,491,000 after buying an additional 2,423 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC lifted its holdings in Fidelity MSCI Utilities Index ETF by 14.0% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 17,641 shares of the company’s stock worth $800,000 after buying an additional 2,163 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Price Performance

Shares of FUTY stock opened at $43.00 on Wednesday. Fidelity MSCI Utilities Index ETF has a 12 month low of $39.14 and a 12 month high of $50.25. The firm has a market capitalization of $2.17 billion, a P/E ratio of 24.22 and a beta of 0.53. The company’s fifty day moving average price is $44.27 and its two-hundred day moving average price is $44.74.

Fidelity MSCI Utilities Index ETF Profile

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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.