Smith Shellnut Wilson LLC ADV Lowers Position in Fidelity MSCI Utilities Index ETF $FUTY

Smith Shellnut Wilson LLC ADV reduced its position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 75.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 6,022 shares of the company’s stock after selling 18,188 shares during the period. Smith Shellnut Wilson LLC ADV’s holdings in Fidelity MSCI Utilities Index ETF were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in FUTY. Hilltop National Bank purchased a new stake in Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at approximately $26,000. Briaud Financial Planning Inc purchased a new stake in shares of Fidelity MSCI Utilities Index ETF in the second quarter valued at approximately $30,000. ORG Partners LLC acquired a new position in Fidelity MSCI Utilities Index ETF during the second quarter worth $32,000. IMG Wealth Management Inc. acquired a new position in Fidelity MSCI Utilities Index ETF during the second quarter worth $34,000. Finally, Eastern Bank purchased a new position in Fidelity MSCI Utilities Index ETF in the second quarter worth $70,000.

Fidelity MSCI Utilities Index ETF Stock Performance

Fidelity MSCI Utilities Index ETF stock opened at $55.28 on Tuesday. The company has a market cap of $2.17 billion, a P/E ratio of 20.34 and a beta of 0.61. Fidelity MSCI Utilities Index ETF has a one year low of $45.94 and a one year high of $60.56. The business has a fifty day moving average of $56.34 and a two-hundred day moving average of $55.82.

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.