Mach 1 Financial Group LLC Buys New Position in Fidelity MSCI Utilities Index ETF $FUTY

Mach 1 Financial Group LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) during the 4th quarter, HoldingsChannel.com reports. The fund bought 31,318 shares of the company’s stock, valued at approximately $1,729,000.

Several other hedge funds also recently modified their holdings of the stock. Flagship Harbor Advisors LLC boosted its position in shares of Fidelity MSCI Utilities Index ETF by 2.1% during the third quarter. Flagship Harbor Advisors LLC now owns 11,057 shares of the company’s stock valued at $624,000 after buying an additional 226 shares during the last quarter. Rossby Financial LCC boosted its position in Fidelity MSCI Utilities Index ETF by 4.9% in the third quarter. Rossby Financial LCC now owns 5,654 shares of the company’s stock worth $322,000 after purchasing an additional 266 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position in Fidelity MSCI Utilities Index ETF by 7.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 4,462 shares of the company’s stock worth $246,000 after purchasing an additional 314 shares during the last quarter. Nova Wealth Management Inc. boosted its position in Fidelity MSCI Utilities Index ETF by 8.3% in the fourth quarter. Nova Wealth Management Inc. now owns 4,180 shares of the company’s stock worth $231,000 after purchasing an additional 322 shares during the last quarter. Finally, Sovran Advisors LLC boosted its position in Fidelity MSCI Utilities Index ETF by 4.7% in the fourth quarter. Sovran Advisors LLC now owns 7,797 shares of the company’s stock worth $442,000 after purchasing an additional 350 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Trading Up 0.5%

FUTY stock opened at $57.58 on Thursday. The stock’s fifty day simple moving average is $59.11 and its two-hundred day simple moving average is $57.79. Fidelity MSCI Utilities Index ETF has a 1-year low of $51.05 and a 1-year high of $61.51. The stock has a market cap of $2.34 billion, a P/E ratio of 20.34 and a beta of 0.62.

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.