Independent Financial Group LLC Acquires Shares of 21,269 Fidelity MSCI Utilities Index ETF $FUTY

Independent Financial Group LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,269 shares of the company’s stock, valued at approximately $1,256,000.

A number of other institutional investors also recently modified their holdings of the company. Apollon Wealth Management LLC lifted its position in Fidelity MSCI Utilities Index ETF by 9.0% in the 4th quarter. Apollon Wealth Management LLC now owns 131,183 shares of the company’s stock valued at $7,244,000 after acquiring an additional 10,845 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings 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 purchasing an additional 592,663 shares in the last quarter. High Point Wealth Management LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF in the fourth quarter worth approximately $1,567,000. AE Wealth Management LLC raised its stake in shares of 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 purchasing an additional 329,549 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Fidelity MSCI Utilities Index ETF by 33.5% in the fourth quarter. UBS Group AG now owns 97,696 shares of the company’s stock worth $5,395,000 after purchasing an additional 24,536 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Stock Down 0.6%

FUTY stock opened at $57.94 on Tuesday. The firm has a market capitalization of $2.35 billion, a PE ratio of 20.34 and a beta of 0.59. Fidelity MSCI Utilities Index ETF has a twelve month low of $53.23 and a twelve month high of $61.51. The stock’s 50 day moving average is $57.95 and its 200-day moving average is $58.21.

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.