Fidelity MSCI Utilities Index ETF $FUTY Shares Acquired by Maltin Wealth Management Inc.

Maltin Wealth Management Inc. grew its holdings in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 25.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 71,207 shares of the company’s stock after purchasing an additional 14,498 shares during the quarter. Fidelity MSCI Utilities Index ETF comprises approximately 1.6% of Maltin Wealth Management Inc.’s portfolio, making the stock its 20th biggest position. Maltin Wealth Management Inc.’s holdings in Fidelity MSCI Utilities Index ETF were worth $4,206,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in Fidelity MSCI Utilities Index ETF by 1,161.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 643,682 shares of the company’s stock worth $35,544,000 after buying an additional 592,663 shares during the last quarter. Orion Porfolio Solutions LLC raised its stake in Fidelity MSCI Utilities Index ETF by 1,318.8% in the second quarter. Orion Porfolio Solutions LLC now owns 472,118 shares of the company’s stock valued at $24,833,000 after buying an additional 438,842 shares during the last quarter. AE Wealth Management LLC boosted its holdings in Fidelity MSCI Utilities Index ETF by 31.6% in the fourth quarter. AE Wealth Management LLC now owns 1,371,364 shares of the company’s stock worth $75,727,000 after acquiring an additional 329,549 shares in the last quarter. Bank of America Corp DE boosted its holdings in Fidelity MSCI Utilities Index ETF by 3.3% in the third quarter. Bank of America Corp DE now owns 9,084,792 shares of the company’s stock worth $513,018,000 after acquiring an additional 289,161 shares in the last quarter. Finally, Retirement Management Systems Inc. purchased a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter worth about $7,033,000.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of FUTY stock opened at $59.10 on Friday. Fidelity MSCI Utilities Index ETF has a fifty-two week low of $51.82 and a fifty-two week high of $61.51. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 20.34 and a beta of 0.60. The stock’s 50-day simple moving average is $58.13 and its 200-day simple moving average is $57.83.

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.