Lido Advisors LLC lessened its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) by 4.5% in the first quarter, HoldingsChannel reports. The fund owned 570,556 shares of the company’s stock after selling 27,075 shares during the period. Lido Advisors LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $33,703,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of FUTY. Bayban acquired a new stake in Fidelity MSCI Utilities Index ETF in the 4th quarter worth about $26,000. Elyxium Wealth LLC acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the 4th quarter worth approximately $30,000. First Horizon Corp acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the 4th quarter worth approximately $42,000. Motiv8 Investments LLC acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the 4th quarter worth approximately $75,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Fidelity MSCI Utilities Index ETF by 46.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,723 shares of the company’s stock worth $95,000 after purchasing an additional 544 shares during the period.
Fidelity MSCI Utilities Index ETF Trading Up 2.2%
NYSEARCA FUTY opened at $59.23 on Thursday. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 20.34 and a beta of 0.59. The company has a 50 day moving average of $57.97 and a 200-day moving average of $58.25. Fidelity MSCI Utilities Index ETF has a 1-year low of $53.23 and a 1-year high of $61.51.
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.
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Want to see what other hedge funds are holding FUTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report).
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