Sanctuary Advisors LLC Decreases Holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Sanctuary Advisors LLC lowered its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 25.1% in the third quarter, Holdings Channel reports. The firm owned 5,016 shares of the company’s stock after selling 1,680 shares during the period. Sanctuary Advisors LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $263,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of FUTY. BNP Paribas Financial Markets acquired a new stake in Fidelity MSCI Utilities Index ETF during the 3rd quarter worth $56,000. Glen Eagle Advisors LLC boosted its position in Fidelity MSCI Utilities Index ETF by 21.4% during the third quarter. Glen Eagle Advisors LLC now owns 1,604 shares of the company’s stock worth $83,000 after acquiring an additional 283 shares during the last quarter. Penobscot Wealth Management acquired a new stake in Fidelity MSCI Utilities Index ETF in the 3rd quarter valued at about $220,000. D.B. Root & Company LLC purchased a new position in Fidelity MSCI Utilities Index ETF in the 3rd quarter worth approximately $227,000. Finally, Founders Financial Securities LLC acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the 2nd quarter worth approximately $264,000.

Fidelity MSCI Utilities Index ETF Price Performance

FUTY stock opened at $48.98 on Friday. Fidelity MSCI Utilities Index ETF has a 1 year low of $38.17 and a 1 year high of $53.65. The firm has a market capitalization of $1.30 billion, a PE ratio of 22.79 and a beta of 0.50. The business has a 50 day simple moving average of $50.93 and a 200-day simple moving average of $48.95.

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.