Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Shares Sold by Beam Wealth Advisors Inc.

Beam Wealth Advisors Inc. lowered its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,142 shares of the company’s stock after selling 2,475 shares during the quarter. Beam Wealth Advisors Inc.’s holdings in Fidelity MSCI Utilities Index ETF were worth $660,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. CWM LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the third quarter valued at about $26,000. Qube Research & Technologies Ltd boosted its holdings in Fidelity MSCI Utilities Index ETF by 334.9% in the third quarter. Qube Research & Technologies Ltd now owns 1,209 shares of the company’s stock valued at $46,000 after purchasing an additional 931 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its holdings in Fidelity MSCI Utilities Index ETF by 56.4% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 1,250 shares of the company’s stock valued at $60,000 after purchasing an additional 451 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new position in Fidelity MSCI Utilities Index ETF in the third quarter valued at about $90,000. Finally, Money Concepts Capital Corp purchased a new position in Fidelity MSCI Utilities Index ETF in the fourth quarter valued at about $144,000.

Fidelity MSCI Utilities Index ETF Price Performance

FUTY traded up $0.56 on Wednesday, reaching $41.06. The company’s stock had a trading volume of 66,837 shares, compared to its average volume of 290,682. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 21.47 and a beta of 0.55. Fidelity MSCI Utilities Index ETF has a 1 year low of $35.32 and a 1 year high of $45.31. The business’s 50 day moving average is $40.73 and its 200 day moving average is $39.96.

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.