Avaii Wealth Management LLC Trims Stock Position in Fidelity MSCI Utilities Index ETF $FUTY

Avaii Wealth Management LLC lessened its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 91.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,386 shares of the company’s stock after selling 130,747 shares during the quarter. Avaii Wealth Management LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $638,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Fidelity MSCI Utilities Index ETF by 0.9% during the 1st quarter. Bank of America Corp DE now owns 9,170,828 shares of the company’s stock worth $541,721,000 after buying an additional 77,710 shares during the period. Kestra Advisory Services LLC raised its position in shares of Fidelity MSCI Utilities Index ETF by 13.7% during the first quarter. Kestra Advisory Services LLC now owns 552,635 shares of the company’s stock worth $32,644,000 after purchasing an additional 66,524 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Fidelity MSCI Utilities Index ETF by 21.2% during the second quarter. Envestnet Asset Management Inc. now owns 419,958 shares of the company’s stock worth $24,534,000 after purchasing an additional 73,449 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Fidelity MSCI Utilities Index ETF by 29.9% in the 1st quarter. Cetera Investment Advisers now owns 250,627 shares of the company’s stock worth $14,805,000 after purchasing an additional 57,657 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Utilities Index ETF by 8.2% in the 1st quarter. Apollon Wealth Management LLC now owns 141,953 shares of the company’s stock worth $8,385,000 after purchasing an additional 10,770 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Trading Up 0.8%

NYSEARCA FUTY traded up $0.43 during mid-day trading on Friday, hitting $53.47. The company’s stock had a trading volume of 356,808 shares, compared to its average volume of 401,155. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 20.34 and a beta of 0.57. The company’s 50 day simple moving average is $54.59 and its 200 day simple moving average is $57.12. Fidelity MSCI Utilities Index ETF has a twelve month low of $50.53 and a twelve month high of $61.51.

Fidelity MSCI Utilities Index ETF Company 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.