Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Shares Sold by Demars Financial Group LLC

Demars Financial Group LLC lessened its position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 80.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,781 shares of the company’s stock after selling 57,508 shares during the period. Demars Financial Group LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $563,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its position in shares of Fidelity MSCI Utilities Index ETF by 8.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 300,073 shares of the company’s stock valued at $11,379,000 after purchasing an additional 22,793 shares during the period. LPL Financial LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 13.1% in the 3rd quarter. LPL Financial LLC now owns 274,438 shares of the company’s stock valued at $10,407,000 after acquiring an additional 31,755 shares during the period. Brookstone Capital Management grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 42.5% in the third quarter. Brookstone Capital Management now owns 142,630 shares of the company’s stock valued at $5,374,000 after purchasing an additional 42,531 shares in the last quarter. IFG Advisory LLC grew its holdings in Fidelity MSCI Utilities Index ETF by 6.1% during the 4th quarter. IFG Advisory LLC now owns 127,370 shares of the company’s stock worth $5,204,000 after acquiring an additional 7,370 shares in the last quarter. Finally, Estate Counselors LLC grew its holdings in Fidelity MSCI Utilities Index ETF by 148.2% during the 4th quarter. Estate Counselors LLC now owns 101,530 shares of the company’s stock worth $4,149,000 after acquiring an additional 60,620 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Stock Down 1.1 %

NYSEARCA FUTY opened at $42.32 on Wednesday. Fidelity MSCI Utilities Index ETF has a 52 week low of $35.32 and a 52 week high of $45.31. The stock has a market capitalization of $1.14 billion, a PE ratio of 21.47 and a beta of 0.55. The firm has a 50 day moving average of $40.96 and a two-hundred day moving average of $40.12.

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.