Targeted Financial Services LLC Makes New $2.65 Million Investment in Fidelity MSCI Utilities Index ETF $FUTY

Targeted Financial Services LLC bought a new position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 48,008 shares of the company’s stock, valued at approximately $2,651,000. Fidelity MSCI Utilities Index ETF accounts for 2.3% of Targeted Financial Services LLC’s holdings, making the stock its 6th largest holding. Targeted Financial Services LLC owned approximately 0.12% of Fidelity MSCI Utilities Index ETF as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Claris Financial LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF during the 4th quarter valued at about $436,000. Corient Private Wealth LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter valued at approximately $245,000. Jacobs Equity LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter valued at approximately $332,000. NewEdge Advisors LLC lifted its position in shares of Fidelity MSCI Utilities Index ETF by 6.5% during the fourth quarter. NewEdge Advisors LLC now owns 68,850 shares of the company’s stock worth $3,802,000 after purchasing an additional 4,212 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter worth $5,403,000.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of FUTY stock opened at $57.50 on Friday. The firm has a fifty day simple moving average of $58.28 and a 200-day simple moving average of $57.77. The company has a market capitalization of $2.34 billion, a PE ratio of 20.34 and a beta of 0.60. Fidelity MSCI Utilities Index ETF has a twelve month low of $51.72 and a twelve month high of $61.51.

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.