Fidelity MSCI Utilities Index ETF $FUTY Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lowered its holdings in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 11.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,774 shares of the company’s stock after selling 21,781 shares during the period. Kovitz Investment Group Partners LLC owned approximately 0.43% of Fidelity MSCI Utilities Index ETF worth $9,430,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Elyxium Wealth LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter valued at about $30,000. First Horizon Corp acquired a new stake in Fidelity MSCI Utilities Index ETF in the fourth quarter worth about $42,000. Motiv8 Investments LLC acquired a new stake in Fidelity MSCI Utilities Index ETF in the fourth quarter worth about $75,000. Global Retirement Partners LLC grew its position in Fidelity MSCI Utilities Index ETF by 46.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,723 shares of the company’s stock valued at $95,000 after buying an additional 544 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in Fidelity MSCI Utilities Index ETF by 689.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 2,028 shares of the company’s stock valued at $112,000 after buying an additional 1,771 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Trading Up 0.0%

Fidelity MSCI Utilities Index ETF stock opened at $57.50 on Friday. Fidelity MSCI Utilities Index ETF has a 52 week low of $51.72 and a 52 week high of $61.51. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 20.34 and a beta of 0.60. The company’s 50-day moving average price is $58.33 and its two-hundred day moving average price is $57.77.

About Fidelity MSCI Utilities Index ETF

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.