Fidelity MSCI Utilities Index ETF $FUTY Stake Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 33.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,748 shares of the company’s stock after acquiring an additional 34,164 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.36% of Fidelity MSCI Utilities Index ETF worth $7,666,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Atlantic Union Bankshares Corp bought a new position in shares of Fidelity MSCI Utilities Index ETF during the third quarter worth about $39,000. AGF Management Ltd. lifted its holdings in Fidelity MSCI Utilities Index ETF by 10.2% during the 3rd quarter. AGF Management Ltd. now owns 104,371 shares of the company’s stock worth $5,894,000 after buying an additional 9,652 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Fidelity MSCI Utilities Index ETF by 44.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,822 shares of the company’s stock worth $495,000 after acquiring an additional 2,712 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Fidelity MSCI Utilities Index ETF in the 3rd quarter worth approximately $2,632,000. Finally, Independent Advisor Alliance increased its holdings in shares of Fidelity MSCI Utilities Index ETF by 18.3% in the 3rd quarter. Independent Advisor Alliance now owns 13,340 shares of the company’s stock valued at $753,000 after acquiring an additional 2,061 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Price Performance

Shares of FUTY opened at $59.80 on Friday. The business’s fifty day moving average price is $56.24 and its 200 day moving average price is $56.45. Fidelity MSCI Utilities Index ETF has a 12-month low of $45.94 and a 12-month high of $60.66. The stock has a market capitalization of $2.37 billion, a PE 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.