NewEdge Advisors LLC trimmed its holdings in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) by 25.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,247 shares of the company’s stock after selling 17,603 shares during the quarter. NewEdge Advisors LLC owned 0.13% of Fidelity MSCI Utilities Index ETF worth $3,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in FUTY. Bayban purchased a new stake in Fidelity MSCI Utilities Index ETF in the fourth quarter valued at about $26,000. Elyxium Wealth LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter worth about $30,000. First Horizon Corp purchased a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter worth about $42,000. Motiv8 Investments LLC acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter valued at about $75,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Fidelity MSCI Utilities Index ETF by 46.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,723 shares of the company’s stock valued at $95,000 after acquiring an additional 544 shares in the last quarter.
Fidelity MSCI Utilities Index ETF Stock Down 0.7%
Shares of Fidelity MSCI Utilities Index ETF stock opened at $57.09 on Friday. The firm has a market capitalization of $2.33 billion, a P/E ratio of 20.34 and a beta of 0.59. The company has a 50 day moving average price of $58.08 and a 200 day moving average price of $58.39. Fidelity MSCI Utilities Index ETF has a 52 week low of $53.23 and a 52 week high of $61.51.
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.
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