Sunbelt Securities Inc. Reduces Stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Sunbelt Securities Inc. reduced its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 31.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,238 shares of the company’s stock after selling 6,951 shares during the quarter. Sunbelt Securities Inc.’s holdings in Fidelity MSCI Utilities Index ETF were worth $646,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in Fidelity MSCI Utilities Index ETF by 185.4% during the 4th quarter. BNP Paribas Financial Markets now owns 428,452 shares of the company’s stock valued at $17,507,000 after buying an additional 278,340 shares during the period. Richard C. Young & CO. LTD. purchased a new stake in shares of Fidelity MSCI Utilities Index ETF in the fourth quarter valued at $3,382,000. Estate Counselors LLC lifted its holdings in shares of Fidelity MSCI Utilities Index ETF by 148.2% in the 4th quarter. Estate Counselors LLC now owns 101,530 shares of the company’s stock worth $4,149,000 after acquiring an additional 60,620 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Fidelity MSCI Utilities Index ETF by 348.6% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 65,427 shares of the company’s stock worth $2,715,000 after purchasing an additional 50,841 shares during the period. Finally, Benchmark Financial Wealth Advisors LLC bought a new position in Fidelity MSCI Utilities Index ETF during the 4th quarter valued at about $1,775,000.

Fidelity MSCI Utilities Index ETF Price Performance

Fidelity MSCI Utilities Index ETF stock opened at $44.43 on Friday. The firm has a market capitalization of $1.18 billion, a P/E ratio of 22.79 and a beta of 0.50. Fidelity MSCI Utilities Index ETF has a 1-year low of $35.32 and a 1-year high of $47.02. The company’s 50-day moving average is $45.05 and its 200 day moving average is $42.15.

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.