Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Shares Sold by Financial Management Network Inc.

Financial Management Network Inc. trimmed its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 21.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,952 shares of the company’s stock after selling 4,230 shares during the period. Financial Management Network Inc.’s holdings in Fidelity MSCI Utilities Index ETF were worth $792,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Ellis Investment Partners LLC raised its position in shares of Fidelity MSCI Utilities Index ETF by 3.2% in the 3rd quarter. Ellis Investment Partners LLC now owns 7,213 shares of the company’s stock valued at $374,000 after purchasing an additional 222 shares in the last quarter. Trail Ridge Investment Advisors LLC raised its position in shares of Fidelity MSCI Utilities Index ETF by 2.3% in the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 10,357 shares of the company’s stock valued at $545,000 after purchasing an additional 233 shares in the last quarter. Centennial Wealth Advisory LLC raised its position in shares of Fidelity MSCI Utilities Index ETF by 4.4% in the 4th quarter. Centennial Wealth Advisory LLC now owns 6,542 shares of the company’s stock valued at $319,000 after purchasing an additional 276 shares in the last quarter. Glen Eagle Advisors LLC raised its position in shares of Fidelity MSCI Utilities Index ETF by 21.4% in the 3rd quarter. Glen Eagle Advisors LLC now owns 1,604 shares of the company’s stock valued at $83,000 after purchasing an additional 283 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of Fidelity MSCI Utilities Index ETF by 12.8% in the 4th quarter. Global Retirement Partners LLC now owns 2,769 shares of the company’s stock valued at $135,000 after purchasing an additional 315 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Stock Up 1.0 %

Shares of FUTY opened at $51.46 on Wednesday. The business’s 50 day moving average is $49.79 and its two-hundred day moving average is $50.24. Fidelity MSCI Utilities Index ETF has a 52-week low of $39.08 and a 52-week high of $53.65. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50.

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.