Lido Advisors LLC trimmed its position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 570,556 shares of the company’s stock after selling 27,075 shares during the quarter. Lido Advisors LLC owned approximately 1.40% of Fidelity MSCI Utilities Index ETF worth $33,703,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of FUTY. Bayban bought a new position in Fidelity MSCI Utilities Index ETF during the fourth quarter worth about $26,000. Elyxium Wealth LLC bought a new stake in Fidelity MSCI Utilities Index ETF in the fourth quarter valued at approximately $30,000. First Horizon Corp bought a new stake in Fidelity MSCI Utilities Index ETF in the fourth quarter valued at approximately $42,000. Motiv8 Investments LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the fourth quarter valued at approximately $75,000. Finally, Global Retirement Partners LLC lifted its position in shares of Fidelity MSCI Utilities Index ETF by 46.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,723 shares of the company’s stock valued at $95,000 after buying an additional 544 shares during the last quarter.
Fidelity MSCI Utilities Index ETF Trading Up 2.2%
FUTY stock opened at $59.23 on Thursday. The firm has a market capitalization of $2.40 billion, a PE ratio of 20.34 and a beta of 0.59. Fidelity MSCI Utilities Index ETF has a 1-year low of $53.23 and a 1-year high of $61.51. The business’s 50 day simple moving average is $57.97 and its 200 day simple moving average is $58.25.
About Fidelity MSCI Utilities Index ETF
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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