Maltin Wealth Management Inc. Raises Holdings in Fidelity MSCI Utilities Index ETF $FUTY

Maltin Wealth Management Inc. increased its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 25.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,207 shares of the company’s stock after buying an additional 14,498 shares during the period. Fidelity MSCI Utilities Index ETF comprises approximately 1.6% of Maltin Wealth Management Inc.’s investment portfolio, making the stock its 20th biggest holding. Maltin Wealth Management Inc. owned about 0.17% of Fidelity MSCI Utilities Index ETF worth $4,206,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FUTY. Bank of America Corp DE raised its position in shares of Fidelity MSCI Utilities Index ETF by 3.3% in the 3rd quarter. Bank of America Corp DE now owns 9,084,792 shares of the company’s stock worth $513,018,000 after acquiring an additional 289,161 shares in the last quarter. AE Wealth Management LLC boosted its position in Fidelity MSCI Utilities Index ETF by 31.6% during the fourth quarter. AE Wealth Management LLC now owns 1,371,364 shares of the company’s stock valued at $75,727,000 after purchasing an additional 329,549 shares in the last quarter. LPL Financial LLC boosted its position in Fidelity MSCI Utilities Index ETF by 11.3% during the fourth quarter. LPL Financial LLC now owns 752,838 shares of the company’s stock valued at $41,572,000 after purchasing an additional 76,597 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Fidelity MSCI Utilities Index ETF by 1,161.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 643,682 shares of the company’s stock valued at $35,544,000 after purchasing an additional 592,663 shares during the last quarter. Finally, Lido Advisors LLC raised its holdings in Fidelity MSCI Utilities Index ETF by 3.8% in the third quarter. Lido Advisors LLC now owns 596,541 shares of the company’s stock worth $33,687,000 after purchasing an additional 22,028 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of Fidelity MSCI Utilities Index ETF stock opened at $59.10 on Friday. The company has a market capitalization of $2.41 billion, a PE ratio of 20.34 and a beta of 0.60. The company has a 50-day simple moving average of $58.13 and a two-hundred day simple moving average of $57.83. Fidelity MSCI Utilities Index ETF has a one year low of $51.82 and a one year 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.