Avalon Trust Co bought a new position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,600 shares of the company’s stock, valued at approximately $242,000.
Several other institutional investors and hedge funds also recently made changes to their positions in FUTY. Gimbal Financial purchased a new position in Fidelity MSCI Utilities Index ETF during the second quarter worth about $8,882,000. AE Wealth Management LLC lifted its position in shares of Fidelity MSCI Utilities Index ETF by 14.7% during the 1st quarter. AE Wealth Management LLC now owns 871,258 shares of the company’s stock worth $44,391,000 after buying an additional 111,512 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Fidelity MSCI Utilities Index ETF by 1,476.0% in the 1st quarter. Arkadios Wealth Advisors now owns 83,354 shares of the company’s stock worth $4,247,000 after buying an additional 78,065 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 14.9% in the first quarter. LPL Financial LLC now owns 540,311 shares of the company’s stock valued at $27,529,000 after acquiring an additional 70,212 shares in the last quarter. Finally, Simon Quick Advisors LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF during the second quarter valued at approximately $2,642,000.
Fidelity MSCI Utilities Index ETF Trading Up 0.2%
FUTY stock opened at $58.08 on Thursday. The stock’s fifty day simple moving average is $57.03 and its two-hundred day simple moving average is $54.58. Fidelity MSCI Utilities Index ETF has a 1-year low of $45.94 and a 1-year high of $60.56. The stock has a market cap of $2.17 billion, a P/E ratio of 20.34 and a beta of 0.61.
Fidelity MSCI Utilities Index ETF 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.
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