Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,931 shares of the company’s stock after selling 1,158 shares during the period. Private Advisor Group LLC owned approximately 0.14% of Fidelity MSCI Utilities Index ETF worth $1,966,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FUTY. Sweeney & Michel LLC increased its holdings in Fidelity MSCI Utilities Index ETF by 362.6% during the 3rd quarter. Sweeney & Michel LLC now owns 76,080 shares of the company’s stock valued at $3,996,000 after acquiring an additional 59,633 shares in the last quarter. Smith Shellnut Wilson LLC ADV increased its holdings in Fidelity MSCI Utilities Index ETF by 669.5% during the 2nd quarter. Smith Shellnut Wilson LLC ADV now owns 45,578 shares of the company’s stock valued at $2,004,000 after acquiring an additional 39,655 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Fidelity MSCI Utilities Index ETF by 17.2% during the 1st quarter. Osaic Holdings Inc. now owns 264,672 shares of the company’s stock valued at $11,234,000 after acquiring an additional 38,867 shares in the last quarter. HBW Advisory Services LLC purchased a new position in Fidelity MSCI Utilities Index ETF during the 2nd quarter valued at about $1,570,000. Finally, Cedar Wealth Management LLC increased its holdings in Fidelity MSCI Utilities Index ETF by 114.2% during the 2nd quarter. Cedar Wealth Management LLC now owns 40,118 shares of the company’s stock valued at $1,764,000 after acquiring an additional 21,387 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Trading Down 2.1 %

NYSEARCA:FUTY opened at $50.86 on Wednesday. The firm has a 50-day moving average price of $50.62 and a two-hundred day moving average price of $47.13. Fidelity MSCI Utilities Index ETF has a twelve month low of $37.52 and a twelve month high of $52.94. The company has a market capitalization of $1.35 billion, a P/E ratio of 22.79 and a beta of 0.50.

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.