Investment Management Corp VA ADV Makes New Investment in Fidelity MSCI Utilities Index ETF $FUTY

Investment Management Corp VA ADV acquired a new stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 25,617 shares of the company’s stock, valued at approximately $1,308,000. Fidelity MSCI Utilities Index ETF accounts for about 1.0% of Investment Management Corp VA ADV’s investment portfolio, making the stock its 22nd biggest holding.

Several other institutional investors have also recently bought and sold shares of FUTY. American National Bank & Trust acquired a new position in Fidelity MSCI Utilities Index ETF during the 3rd quarter worth about $612,000. NorthLanding Financial Partners LLC bought a new stake in Fidelity MSCI Utilities Index ETF during the 2nd quarter worth about $914,000. Independent Financial Group LLC bought a new stake in Fidelity MSCI Utilities Index ETF during the 1st quarter worth about $1,256,000. Kestra Advisory Services LLC grew its holdings in Fidelity MSCI Utilities Index ETF by 13.7% during the 1st quarter. Kestra Advisory Services LLC now owns 552,635 shares of the company’s stock worth $32,644,000 after acquiring an additional 66,524 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Fidelity MSCI Utilities Index ETF by 0.9% in the 1st quarter. Bank of America Corp DE now owns 9,170,828 shares of the company’s stock valued at $541,721,000 after acquiring an additional 77,710 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Trading Down 0.3%

FUTY opened at $55.66 on Friday. Fidelity MSCI Utilities Index ETF has a 1-year low of $50.53 and a 1-year high of $61.51. The stock has a market capitalization of $2.06 billion, a PE ratio of 20.34 and a beta of 0.55. The firm has a 50-day moving average price of $53.94 and a two-hundred day moving average price of $57.16.

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.