Gimbal Financial acquired a new position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 168,867 shares of the company’s stock, valued at approximately $8,882,000. Fidelity MSCI Utilities Index ETF accounts for approximately 5.5% of Gimbal Financial’s portfolio, making the stock its 9th biggest holding.
Other large investors have also made changes to their positions in the company. Hilltop National Bank acquired a new stake in Fidelity MSCI Utilities Index ETF in the 2nd quarter worth approximately $26,000. ORG Partners LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the second quarter valued at approximately $32,000. IMG Wealth Management Inc. bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the second quarter valued at approximately $34,000. Eastern Bank bought a new stake in Fidelity MSCI Utilities Index ETF in the second quarter valued at $70,000. Finally, Nova Wealth Management Inc. grew its position in Fidelity MSCI Utilities Index ETF by 2,000.0% in the second quarter. Nova Wealth Management Inc. now owns 1,743 shares of the company’s stock valued at $92,000 after acquiring an additional 1,660 shares during the period.
Fidelity MSCI Utilities Index ETF Stock Performance
Shares of FUTY stock opened at $58.53 on Wednesday. The stock’s fifty day moving average is $56.06 and its 200-day moving average is $53.59. The stock has a market capitalization of $2.17 billion, a PE ratio of 20.34 and a beta of 0.54. Fidelity MSCI Utilities Index ETF has a 52 week low of $45.94 and a 52 week high of $60.56.
About Fidelity MSCI Utilities Index ETF
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.
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