Axxcess Wealth Management LLC Grows Stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Axxcess Wealth Management LLC increased its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 12.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,487 shares of the company’s stock after buying an additional 703 shares during the period. Axxcess Wealth Management LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $336,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CWM LLC raised its holdings in shares of Fidelity MSCI Utilities Index ETF by 66.1% during the 2nd quarter. CWM LLC now owns 1,146 shares of the company’s stock valued at $50,000 after buying an additional 456 shares in the last quarter. American National Bank raised its position in Fidelity MSCI Utilities Index ETF by 27.8% in the 2nd quarter. American National Bank now owns 1,616 shares of the company’s stock worth $71,000 after purchasing an additional 352 shares during the period. Gradient Investments LLC lifted its stake in Fidelity MSCI Utilities Index ETF by 25,520.0% in the second quarter. Gradient Investments LLC now owns 2,562 shares of the company’s stock worth $113,000 after purchasing an additional 2,552 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Fidelity MSCI Utilities Index ETF during the second quarter valued at about $200,000. Finally, Cetera Advisors LLC purchased a new position in Fidelity MSCI Utilities Index ETF in the 1st quarter worth approximately $209,000.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of Fidelity MSCI Utilities Index ETF stock opened at $50.45 on Thursday. The company’s 50 day moving average price is $51.04 and its 200-day moving average price is $47.81. Fidelity MSCI Utilities Index ETF has a 52-week low of $38.17 and a 52-week high of $52.94. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50.

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.