Ballew Advisors Inc Grows Stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Ballew Advisors Inc grew its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 20.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 7,151 shares of the company’s stock after buying an additional 1,205 shares during the quarter. Ballew Advisors Inc’s holdings in Fidelity MSCI Utilities Index ETF were worth $353,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc purchased a new stake in Fidelity MSCI Utilities Index ETF in the 1st quarter worth approximately $27,000. Rialto Wealth Management LLC bought a new position in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter worth approximately $37,000. Tradewinds Capital Management LLC bought a new position in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter worth approximately $60,000. Wilmington Savings Fund Society FSB raised its position in shares of Fidelity MSCI Utilities Index ETF by 167.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,462 shares of the company’s stock worth $71,000 after acquiring an additional 916 shares in the last quarter. Finally, Roxbury Financial LLC bought a new position in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter worth approximately $74,000.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of NYSEARCA:FUTY opened at $52.86 on Friday. Fidelity MSCI Utilities Index ETF has a 52-week low of $43.62 and a 52-week high of $53.65. The firm has a market capitalization of $1.83 billion, a P/E ratio of 20.47 and a beta of 0.60. The stock has a 50 day moving average price of $51.26 and a 200-day moving average price of $50.66.

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.