Cerity Partners LLC Purchases Shares of 2,232 Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Cerity Partners LLC purchased a new stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,232 shares of the company’s stock, valued at approximately $1,100,000.

Other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC acquired a new position in Fidelity MSCI Utilities Index ETF in the 1st quarter valued at approximately $45,000. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Fidelity MSCI Utilities Index ETF by 56.4% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 1,250 shares of the company’s stock worth $60,000 after buying an additional 451 shares in the last quarter. Prostatis Group LLC grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 8.2% during the fourth quarter. Prostatis Group LLC now owns 61,429 shares of the company’s stock worth $61,000 after purchasing an additional 4,637 shares during the last quarter. Allworth Financial LP acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the first quarter worth approximately $88,000. Finally, Laffer Tengler Investments acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the first quarter worth approximately $107,000.

Fidelity MSCI Utilities Index ETF Trading Down 0.4 %

Shares of FUTY stock opened at $40.39 on Friday. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 24.22 and a beta of 0.54. Fidelity MSCI Utilities Index ETF has a 1 year low of $39.14 and a 1 year high of $50.25. The firm’s 50 day moving average is $42.06 and its 200-day moving average is $42.92.

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.