Cetera Investment Advisers trimmed its holdings in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) by 8.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,379 shares of the company’s stock after selling 2,696 shares during the quarter. Cetera Investment Advisers owned 0.11% of Fidelity MSCI Utilities Index ETF worth $1,336,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Lynch & Associates IN boosted its stake in Fidelity MSCI Utilities Index ETF by 9.6% during the first quarter. Lynch & Associates IN now owns 10,889 shares of the company’s stock worth $462,000 after buying an additional 956 shares during the period. Conrad Siegel Investment Advisors Inc. grew its holdings in Fidelity MSCI Utilities Index ETF by 0.5% during the 1st quarter. Conrad Siegel Investment Advisors Inc. now owns 75,039 shares of the company’s stock valued at $3,183,000 after purchasing an additional 391 shares during the last quarter. American National Bank raised its position in Fidelity MSCI Utilities Index ETF by 60.6% in the 1st quarter. American National Bank now owns 1,264 shares of the company’s stock worth $54,000 after purchasing an additional 477 shares during the period. Ballentine Partners LLC purchased a new stake in Fidelity MSCI Utilities Index ETF in the 1st quarter worth about $322,000. Finally, Dynamic Advisor Solutions LLC lifted its stake in Fidelity MSCI Utilities Index ETF by 18.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 77,218 shares of the company’s stock worth $3,276,000 after purchasing an additional 11,791 shares during the last quarter.
Fidelity MSCI Utilities Index ETF Stock Performance
FUTY opened at $51.76 on Wednesday. Fidelity MSCI Utilities Index ETF has a one year low of $36.68 and a one year high of $52.55. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50. The stock’s 50 day moving average price is $49.70 and its 200-day moving average price is $46.42.
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.
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