D.A. Davidson & CO. Takes Position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

D.A. Davidson & CO. acquired a new position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 23,018 shares of the company’s stock, valued at approximately $1,193,000.

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

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of FUTY stock opened at $53.38 on Monday. Fidelity MSCI Utilities Index ETF has a fifty-two week low of $38.17 and a fifty-two week high of $53.65. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50. The stock’s 50-day simple moving average is $51.56 and its 200-day simple moving average is $48.44.

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.