Valmark Advisers Inc. Buys 1,794 Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Valmark Advisers Inc. raised its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 77,713 shares of the company’s stock after purchasing an additional 1,794 shares during the period. Valmark Advisers Inc. owned 0.29% of Fidelity MSCI Utilities Index ETF worth $3,416,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Lincoln National Corp raised its position in Fidelity MSCI Utilities Index ETF by 15.8% during the 4th quarter. Lincoln National Corp now owns 24,913 shares of the company’s stock worth $1,018,000 after purchasing an additional 3,408 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter worth about $63,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Fidelity MSCI Utilities Index ETF in the 2nd quarter worth about $200,000. Monumental Financial Group Inc. raised its position in shares of Fidelity MSCI Utilities Index ETF by 4.7% in the 1st quarter. Monumental Financial Group Inc. now owns 68,430 shares of the company’s stock worth $2,903,000 after acquiring an additional 3,073 shares in the last quarter. Finally, Harbour Investments Inc. increased its position in Fidelity MSCI Utilities Index ETF by 3.4% in the 2nd quarter. Harbour Investments Inc. now owns 15,365 shares of the company’s stock valued at $675,000 after buying an additional 501 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Trading Up 0.7 %

Fidelity MSCI Utilities Index ETF stock traded up $0.33 during midday trading on Friday, reaching $49.12. The stock had a trading volume of 242,419 shares, compared to its average volume of 224,848. Fidelity MSCI Utilities Index ETF has a 12 month low of $35.32 and a 12 month high of $49.19. The company has a market capitalization of $1.30 billion, a P/E ratio of 22.79 and a beta of 0.50. The company has a fifty day moving average price of $46.38 and a two-hundred day moving average price of $44.18.

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.