Northwestern Mutual Wealth Management Co. Has $35.54 Million Position in Fidelity MSCI Utilities Index ETF $FUTY

Northwestern Mutual Wealth Management Co. lifted its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 1,161.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 643,682 shares of the company’s stock after purchasing an additional 592,663 shares during the period. Northwestern Mutual Wealth Management Co. owned 1.63% of Fidelity MSCI Utilities Index ETF worth $35,544,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the third quarter valued at approximately $39,000. First Horizon Corp acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the fourth quarter valued at approximately $42,000. Qube Research & Technologies Ltd acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the second quarter valued at approximately $147,000. Park Avenue Securities LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the third quarter valued at approximately $206,000. Finally, Hoge Financial Services LLC bought a new position in Fidelity MSCI Utilities Index ETF in the third quarter valued at approximately $210,000.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of FUTY stock opened at $56.81 on Tuesday. Fidelity MSCI Utilities Index ETF has a 52-week low of $51.05 and a 52-week high of $61.51. The stock has a market cap of $2.31 billion, a PE ratio of 20.34 and a beta of 0.62. The firm’s 50 day moving average price is $59.22 and its two-hundred day moving average price is $57.80.

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.