Thrivent Financial for Lutherans Buys New Holdings in Fidelity MSCI Utilities Index ETF $FUTY

Thrivent Financial for Lutherans bought a new stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 46,603 shares of the company’s stock, valued at approximately $2,632,000. Thrivent Financial for Lutherans owned approximately 0.12% of Fidelity MSCI Utilities Index ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FUTY. Briaud Financial Planning Inc purchased a new stake in shares of Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at approximately $30,000. IMG Wealth Management Inc. acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the second quarter worth $34,000. Eastern Bank acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the second quarter worth $70,000. Centaurus Financial Inc. acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the 2nd quarter worth about $108,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at about $147,000.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of NYSEARCA FUTY opened at $56.30 on Tuesday. The stock’s 50-day simple moving average is $55.68 and its 200-day simple moving average is $56.21. The firm has a market capitalization of $2.23 billion, a PE ratio of 20.34 and a beta of 0.61. Fidelity MSCI Utilities Index ETF has a fifty-two week low of $45.94 and a fifty-two week high of $60.56.

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.