Advisory Services Network LLC Boosts Stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Advisory Services Network LLC increased its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 12.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 105,883 shares of the company’s stock after acquiring an additional 12,018 shares during the period. Advisory Services Network LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $4,492,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF in the third quarter worth $90,000. Harbour Investments Inc. grew its stake in shares of Fidelity MSCI Utilities Index ETF by 52.3% in the third quarter. Harbour Investments Inc. now owns 13,261 shares of the company’s stock worth $503,000 after purchasing an additional 4,552 shares during the last quarter. Lynch & Associates IN increased its holdings in Fidelity MSCI Utilities Index ETF by 7.7% during the 4th quarter. Lynch & Associates IN now owns 9,933 shares of the company’s stock valued at $406,000 after purchasing an additional 711 shares during the period. BKM Wealth Management LLC bought a new position in Fidelity MSCI Utilities Index ETF during the 4th quarter valued at approximately $215,000. Finally, Dynamic Advisor Solutions LLC lifted its holdings in Fidelity MSCI Utilities Index ETF by 348.6% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 65,427 shares of the company’s stock worth $2,715,000 after buying an additional 50,841 shares during the period.

Fidelity MSCI Utilities Index ETF Stock Up 0.9 %

Shares of FUTY traded up $0.43 during mid-day trading on Friday, hitting $46.08. 30,971 shares of the company’s stock traded hands, compared to its average volume of 225,798. The firm has a market capitalization of $1.22 billion, a P/E ratio of 22.79 and a beta of 0.50. The business’s 50-day moving average price is $45.30 and its 200-day moving average price is $42.38. Fidelity MSCI Utilities Index ETF has a 1 year low of $35.32 and a 1 year high of $47.02.

Fidelity MSCI Utilities Index ETF Company 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.