Rossby Financial LCC Acquires New Position in Fidelity MSCI Utilities Index ETF $FUTY

Rossby Financial LCC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) in the second quarter, Holdings Channel reports. The firm acquired 5,388 shares of the company’s stock, valued at approximately $283,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hilltop National Bank bought a new stake in Fidelity MSCI Utilities Index ETF during the 2nd quarter valued at about $26,000. Briaud Financial Planning Inc bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at about $30,000. ORG Partners LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at about $32,000. IMG Wealth Management Inc. bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at about $34,000. Finally, Eastern Bank bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at about $70,000.

Fidelity MSCI Utilities Index ETF Stock Performance

NYSEARCA:FUTY opened at $58.29 on Wednesday. Fidelity MSCI Utilities Index ETF has a one year low of $45.94 and a one year high of $60.56. The firm has a market cap of $2.16 billion, a P/E ratio of 20.34 and a beta of 0.61. The firm has a 50-day simple moving average of $56.39 and a 200-day simple moving average of $54.00.

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.