Wealth Enhancement Advisory Services LLC Decreases Stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Wealth Enhancement Advisory Services LLC lowered its position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 30.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,835 shares of the company’s stock after selling 3,438 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $399,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in shares of Fidelity MSCI Utilities Index ETF by 89.8% in the 4th quarter. Bank of America Corp DE now owns 8,822,859 shares of the company’s stock valued at $430,291,000 after acquiring an additional 4,175,298 shares during the last quarter. Demars Financial Group LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 4,647.2% during the 4th quarter. Demars Financial Group LLC now owns 544,358 shares of the company’s stock worth $26,548,000 after purchasing an additional 532,891 shares in the last quarter. Aptus Capital Advisors LLC acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the 4th quarter valued at about $13,218,000. Two Sigma Investments LP acquired a new stake in Fidelity MSCI Utilities Index ETF in the 4th quarter valued at approximately $9,227,000. Finally, LPL Financial LLC lifted its position in shares of Fidelity MSCI Utilities Index ETF by 56.7% in the 4th quarter. LPL Financial LLC now owns 470,099 shares of the company’s stock worth $22,927,000 after acquiring an additional 170,067 shares during the period.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of FUTY opened at $52.75 on Monday. The stock has a fifty day moving average price of $52.15 and a two-hundred day moving average price of $50.79. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 20.34 and a beta of 0.54. Fidelity MSCI Utilities Index ETF has a 52-week low of $44.09 and a 52-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.