Fidelity MSCI Utilities Index ETF $FUTY Stock Sold by Lido Advisors LLC

Lido Advisors LLC reduced its holdings in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 89.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 704,950 shares of the company’s stock after selling 5,843,251 shares during the quarter. Lido Advisors LLC owned approximately 1.91% of Fidelity MSCI Utilities Index ETF worth $35,988,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the third quarter valued at approximately $26,000. JNBA Financial Advisors purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the 2nd quarter worth approximately $31,000. Hanson & Doremus Investment Management purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the 3rd quarter worth approximately $31,000. Trust Co. of Vermont acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the 2nd quarter worth approximately $71,000. Finally, Roman Butler Fullerton & Co. acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the 3rd quarter worth approximately $71,000.

Fidelity MSCI Utilities Index ETF Stock Performance

FUTY stock opened at $56.45 on Wednesday. Fidelity MSCI Utilities Index ETF has a 1 year low of $50.53 and a 1 year high of $61.51. The stock’s 50 day moving average price is $54.01 and its 200 day moving average price is $57.17. The firm has a market cap of $2.07 billion, a P/E ratio of 18.18 and a beta of 0.56.

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.