LPL Financial LLC Raises Stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

LPL Financial LLC lifted its position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 56.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 470,099 shares of the company’s stock after purchasing an additional 170,067 shares during the period. LPL Financial LLC owned about 1.78% of Fidelity MSCI Utilities Index ETF worth $22,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stifel Financial Corp raised its holdings in Fidelity MSCI Utilities Index ETF by 97.9% during the third quarter. Stifel Financial Corp now owns 20,181 shares of the company’s stock valued at $1,046,000 after acquiring an additional 9,985 shares during the period. JPMorgan Chase & Co. grew its position in shares of Fidelity MSCI Utilities Index ETF by 45.0% during the third quarter. JPMorgan Chase & Co. now owns 3,143 shares of the company’s stock worth $163,000 after purchasing an additional 975 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Fidelity MSCI Utilities Index ETF in the 3rd quarter worth approximately $56,000. Jones Financial Companies Lllp boosted its stake in Fidelity MSCI Utilities Index ETF by 1,140.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,057 shares of the company’s stock worth $198,000 after purchasing an additional 3,730 shares during the period. Finally, Glass Jacobson Investment Advisors llc boosted its stake in Fidelity MSCI Utilities Index ETF by 4.4% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 12,139 shares of the company’s stock worth $629,000 after purchasing an additional 515 shares during the period.

Fidelity MSCI Utilities Index ETF Price Performance

Shares of FUTY opened at $50.39 on Monday. The company has a 50 day simple moving average of $50.63 and a two-hundred day simple moving average of $50.71. Fidelity MSCI Utilities Index ETF has a 1 year low of $40.34 and a 1 year high of $53.65. The firm has a market cap of $1.66 billion, a P/E ratio of 20.26 and a beta of 0.62.

Fidelity MSCI Utilities Index ETF 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.