Fidelity MSCI Utilities Index ETF $FUTY Shares Purchased by Lido Advisors LLC

Lido Advisors LLC raised its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 12.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 574,513 shares of the company’s stock after purchasing an additional 61,484 shares during the quarter. Lido Advisors LLC owned about 1.64% of Fidelity MSCI Utilities Index ETF worth $30,219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. LPL Financial LLC grew its stake in shares of Fidelity MSCI Utilities Index ETF by 14.9% in the first quarter. LPL Financial LLC now owns 540,311 shares of the company’s stock valued at $27,529,000 after buying an additional 70,212 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Fidelity MSCI Utilities Index ETF by 13.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 370,786 shares of the company’s stock worth $18,892,000 after acquiring an additional 43,898 shares during the period. Kestra Advisory Services LLC boosted its holdings in Fidelity MSCI Utilities Index ETF by 9.3% in the 1st quarter. Kestra Advisory Services LLC now owns 362,114 shares of the company’s stock worth $18,450,000 after acquiring an additional 30,735 shares during the period. HighTower Advisors LLC grew its position in Fidelity MSCI Utilities Index ETF by 15.3% in the first quarter. HighTower Advisors LLC now owns 251,075 shares of the company’s stock valued at $12,792,000 after acquiring an additional 33,319 shares in the last quarter. Finally, Gimbal Financial acquired a new stake in Fidelity MSCI Utilities Index ETF in the second quarter valued at approximately $8,882,000.

Fidelity MSCI Utilities Index ETF Trading Up 0.7%

NYSEARCA FUTY opened at $58.55 on Friday. The company’s fifty day simple moving average is $57.76 and its 200-day simple moving average is $55.09. Fidelity MSCI Utilities Index ETF has a 52 week low of $45.94 and a 52 week high of $60.56. The stock has a market cap of $2.19 billion, a P/E ratio of 20.34 and a beta of 0.61.

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.