GAMMA Investing LLC Invests $493,000 in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

GAMMA Investing LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 9,681 shares of the company’s stock, valued at approximately $493,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc bought a new position in shares of Fidelity MSCI Utilities Index ETF during the 1st quarter worth approximately $27,000. Rialto Wealth Management LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter worth approximately $37,000. Tradewinds Capital Management LLC bought a new position in Fidelity MSCI Utilities Index ETF in the 4th quarter valued at $60,000. Global Retirement Partners LLC increased its holdings in Fidelity MSCI Utilities Index ETF by 12.8% during the fourth quarter. Global Retirement Partners LLC now owns 2,769 shares of the company’s stock worth $135,000 after buying an additional 315 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Fidelity MSCI Utilities Index ETF by 1,140.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,057 shares of the company’s stock worth $198,000 after purchasing an additional 3,730 shares during the period.

Fidelity MSCI Utilities Index ETF Stock Performance

FUTY stock opened at $52.06 on Friday. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 20.47 and a beta of 0.60. The stock has a fifty day moving average of $51.65 and a 200-day moving average of $50.62. Fidelity MSCI Utilities Index ETF has a fifty-two week low of $43.62 and a fifty-two week high of $53.65.

Fidelity MSCI Utilities Index ETF Company Profile

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.