Northwestern Mutual Wealth Management Co. Boosts Holdings in Fidelity MSCI Utilities Index ETF $FUTY

Northwestern Mutual Wealth Management Co. raised its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 47.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,074 shares of the company’s stock after purchasing an additional 24,055 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity MSCI Utilities Index ETF were worth $4,146,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Roman Butler Fullerton & Co. purchased a new position in Fidelity MSCI Utilities Index ETF during the third quarter valued at $1,171,000. Apollon Wealth Management LLC lifted its holdings in Fidelity MSCI Utilities Index ETF by 9.0% during the fourth quarter. Apollon Wealth Management LLC now owns 131,183 shares of the company’s stock valued at $7,244,000 after purchasing an additional 10,845 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in Fidelity MSCI Utilities Index ETF during the third quarter valued at $2,632,000. High Point Wealth Management LLC purchased a new position in Fidelity MSCI Utilities Index ETF during the fourth quarter valued at $1,567,000. Finally, AE Wealth Management LLC lifted its holdings in Fidelity MSCI Utilities Index ETF by 31.6% during the fourth quarter. AE Wealth Management LLC now owns 1,371,364 shares of the company’s stock valued at $75,727,000 after purchasing an additional 329,549 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Stock Up 0.6%

FUTY opened at $56.94 on Friday. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 20.34 and a beta of 0.60. Fidelity MSCI Utilities Index ETF has a 52-week low of $51.50 and a 52-week high of $61.51. The firm’s fifty day simple moving average is $58.71 and its two-hundred day simple moving average is $57.79.

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.