Fidelity MSCI Utilities Index ETF $FUTY Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC decreased its position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 25.6% in the first quarter, HoldingsChannel.com reports. The fund owned 51,247 shares of the company’s stock after selling 17,603 shares during the period. NewEdge Advisors LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $3,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd acquired a new position in shares of Fidelity MSCI Utilities Index ETF in the second quarter valued at about $147,000. Ameriprise Financial Inc. lifted its holdings in shares of Fidelity MSCI Utilities Index ETF by 4.5% during the second quarter. Ameriprise Financial Inc. now owns 77,542 shares of the company’s stock worth $4,079,000 after purchasing an additional 3,358 shares during the period. Bank of America Corp DE boosted its position in Fidelity MSCI Utilities Index ETF by 2.0% in the second quarter. Bank of America Corp DE now owns 8,795,631 shares of the company’s stock valued at $462,650,000 after buying an additional 171,754 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in Fidelity MSCI Utilities Index ETF in the second quarter valued at approximately $2,630,000. Finally, Modern Wealth Management LLC boosted its position in Fidelity MSCI Utilities Index ETF by 0.6% in the second quarter. Modern Wealth Management LLC now owns 65,200 shares of the company’s stock valued at $3,430,000 after buying an additional 413 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Trading Down 0.7%

Shares of NYSEARCA:FUTY opened at $57.09 on Friday. Fidelity MSCI Utilities Index ETF has a twelve month low of $53.23 and a twelve month high of $61.51. The company has a market cap of $2.33 billion, a PE ratio of 20.34 and a beta of 0.59. The company’s 50 day moving average is $58.08 and its 200 day moving average is $58.39.

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.