Fidelity MSCI Utilities Index ETF $FUTY Shares Bought by Modern Wealth Management LLC

Modern Wealth Management LLC grew its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 2.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,787 shares of the company’s stock after acquiring an additional 1,360 shares during the quarter. Modern Wealth Management LLC owned about 0.19% of Fidelity MSCI Utilities Index ETF worth $3,301,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Two Sigma Investments LP purchased a new stake in shares of Fidelity MSCI Utilities Index ETF in the fourth quarter valued at about $9,227,000. AE Wealth Management LLC raised its stake in Fidelity MSCI Utilities Index ETF by 14.7% during the first quarter. AE Wealth Management LLC now owns 871,258 shares of the company’s stock worth $44,391,000 after purchasing an additional 111,512 shares during the period. Sweeney & Michel LLC acquired a new position in Fidelity MSCI Utilities Index ETF in the 1st quarter valued at about $3,820,000. Arkadios Wealth Advisors grew its stake in shares of Fidelity MSCI Utilities Index ETF by 1,476.0% in the 1st quarter. Arkadios Wealth Advisors now owns 83,354 shares of the company’s stock valued at $4,247,000 after buying an additional 78,065 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of Fidelity MSCI Utilities Index ETF by 14.9% during the 1st quarter. LPL Financial LLC now owns 540,311 shares of the company’s stock worth $27,529,000 after buying an additional 70,212 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Stock Performance

FUTY stock opened at $55.22 on Friday. Fidelity MSCI Utilities Index ETF has a one year low of $45.94 and a one year high of $56.43. The firm has a market cap of $1.94 billion, a PE ratio of 20.34 and a beta of 0.54. The firm’s 50 day moving average price is $54.53 and its 200-day moving average price is $52.33.

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.