Fidelity MSCI Utilities Index ETF $FUTY Stake Lessened by Lido Advisors LLC

Lido Advisors LLC trimmed its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 89.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 704,950 shares of the company’s stock after selling 5,843,251 shares during the period. Lido Advisors LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $35,988,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in Fidelity MSCI Utilities Index ETF by 167.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 14,490 shares of the company’s stock worth $743,000 after purchasing an additional 9,077 shares during the last quarter. StoneX Group Inc. purchased a new position in Fidelity MSCI Utilities Index ETF during the third quarter worth approximately $346,000. Investment Management Corp VA ADV purchased a new position in Fidelity MSCI Utilities Index ETF during the third quarter worth approximately $1,308,000. Commonwealth Equity Services LLC purchased a new position in Fidelity MSCI Utilities Index ETF during the third quarter worth approximately $16,738,000. Finally, Schmidt P J Investment Management Inc. acquired a new position in shares of Fidelity MSCI Utilities Index ETF in the 3rd quarter valued at $276,000.

Fidelity MSCI Utilities Index ETF Stock Down 0.2%

FUTY stock opened at $56.45 on Wednesday. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 18.18 and a beta of 0.56. The business has a fifty day simple moving average of $54.01 and a 200-day simple moving average of $57.17. Fidelity MSCI Utilities Index ETF has a 52 week low of $50.53 and a 52 week 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.