Dynamic Advisor Solutions LLC Sells 29,031 Shares of Fidelity MSCI Utilities Index ETF $FUTY

Dynamic Advisor Solutions LLC lowered its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 60.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,708 shares of the company’s stock after selling 29,031 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $1,033,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of FUTY. Atlantic Union Bankshares Corp purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the third quarter worth about $39,000. Centaurus Financial Inc. bought a new stake in Fidelity MSCI Utilities Index ETF during the second quarter valued at approximately $108,000. Qube Research & Technologies Ltd bought a new stake in Fidelity MSCI Utilities Index ETF during the second quarter valued at approximately $147,000. CWM LLC grew its stake in Fidelity MSCI Utilities Index ETF by 260.8% in the 3rd quarter. CWM LLC now owns 2,886 shares of the company’s stock worth $163,000 after buying an additional 2,086 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new position in Fidelity MSCI Utilities Index ETF in the 3rd quarter worth approximately $206,000.

Fidelity MSCI Utilities Index ETF Price Performance

Shares of NYSEARCA:FUTY opened at $58.34 on Thursday. The company’s fifty day moving average price is $58.39 and its 200-day moving average price is $57.25. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 20.34 and a beta of 0.61. Fidelity MSCI Utilities Index ETF has a one year low of $45.94 and a one year high of $61.51.

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.