HighTower Advisors LLC lifted its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) by 9.7% during the 4th quarter, HoldingsChannel reports. The firm owned 199,286 shares of the company’s stock after acquiring an additional 17,609 shares during the period. HighTower Advisors LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $11,005,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the 4th quarter valued at approximately $30,000. Atlantic Union Bankshares Corp bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the 3rd quarter valued at approximately $39,000. First Horizon Corp bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the 4th quarter valued at approximately $42,000. Qube Research & Technologies Ltd bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the 2nd quarter valued at approximately $147,000. Finally, Hoge Financial Services LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the 3rd quarter valued at approximately $210,000.
Fidelity MSCI Utilities Index ETF Stock Performance
Shares of Fidelity MSCI Utilities Index ETF stock opened at $58.63 on Tuesday. The firm has a market capitalization of $2.39 billion, a PE ratio of 20.34 and a beta of 0.62. The firm’s 50 day moving average is $59.03 and its 200 day moving average is $57.81. Fidelity MSCI Utilities Index ETF has a 1 year low of $51.43 and a 1 year high of $61.51.
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.
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