IMG Wealth Management Inc. Acquires Shares of 639 Fidelity MSCI Utilities Index ETF $FUTY

IMG Wealth Management Inc. acquired a new stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 639 shares of the company’s stock, valued at approximately $34,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FUTY. Cambridge Investment Research Advisors Inc. raised its holdings in Fidelity MSCI Utilities Index ETF by 2.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 278,540 shares of the company’s stock valued at $14,192,000 after acquiring an additional 7,970 shares in the last quarter. Prairie Wealth Advisors Inc. raised its holdings in Fidelity MSCI Utilities Index ETF by 4.8% in the 1st quarter. Prairie Wealth Advisors Inc. now owns 16,404 shares of the company’s stock valued at $836,000 after acquiring an additional 755 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Fidelity MSCI Utilities Index ETF in the 1st quarter valued at $244,000. Yoder Wealth Management Inc. increased its stake in shares of Fidelity MSCI Utilities Index ETF by 3.2% in the 1st quarter. Yoder Wealth Management Inc. now owns 39,549 shares of the company’s stock valued at $2,015,000 after purchasing an additional 1,225 shares during the last quarter. Finally, Valmark Advisers Inc. increased its stake in shares of Fidelity MSCI Utilities Index ETF by 3.8% in the 1st quarter. Valmark Advisers Inc. now owns 90,896 shares of the company’s stock valued at $4,631,000 after purchasing an additional 3,302 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Stock Down 0.0%

Shares of FUTY stock opened at $59.23 on Tuesday. The firm has a market capitalization of $2.18 billion, a P/E ratio of 20.34 and a beta of 0.54. Fidelity MSCI Utilities Index ETF has a twelve month low of $45.94 and a twelve month high of $60.56. The stock’s fifty day simple moving average is $56.00 and its 200 day simple moving average is $53.56.

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.