Flagship Harbor Advisors LLC Invests $244,000 in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Flagship Harbor Advisors LLC purchased a new position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,792 shares of the company’s stock, valued at approximately $244,000.

A number of other hedge funds also recently modified their holdings of FUTY. Global Retirement Partners LLC raised its position 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 valued at $135,000 after purchasing an additional 315 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Fidelity MSCI Utilities Index ETF by 4.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,052 shares of the company’s stock valued at $393,000 after purchasing an additional 356 shares during the last quarter. Lynch & Associates IN increased its stake in shares of Fidelity MSCI Utilities Index ETF by 2.8% in the 1st quarter. Lynch & Associates IN now owns 13,343 shares of the company’s stock valued at $680,000 after purchasing an additional 369 shares during the last quarter. Glass Jacobson Investment Advisors llc raised its holdings in shares of Fidelity MSCI Utilities Index ETF by 4.1% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 12,639 shares of the company’s stock worth $616,000 after buying an additional 500 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its position in shares of Fidelity MSCI Utilities Index ETF by 1.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 34,236 shares of the company’s stock worth $1,670,000 after buying an additional 524 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Stock Up 0.8%

NYSEARCA:FUTY opened at $52.31 on Friday. Fidelity MSCI Utilities Index ETF has a twelve month low of $43.62 and a twelve month high of $53.65. The stock’s 50-day simple moving average is $51.87 and its 200 day simple moving average is $50.65. The firm has a market capitalization of $1.82 billion, a PE ratio of 20.34 and a beta of 0.54.

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.