Avaii Wealth Management LLC lessened its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) by 91.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,386 shares of the company’s stock after selling 130,747 shares during the period. Avaii Wealth Management LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $638,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bayban bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the 4th quarter valued at approximately $26,000. JNBA Financial Advisors bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the second quarter worth $31,000. Trust Co. of Vermont acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the 2nd quarter valued at $71,000. Motiv8 Investments LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter valued at about $75,000. Finally, Centaurus Financial Inc. acquired a new position in shares of Fidelity MSCI Utilities Index ETF in the first quarter valued at approximately $101,000.
Fidelity MSCI Utilities Index ETF Trading Up 0.8%
NYSEARCA:FUTY traded up $0.43 during mid-day trading on Friday, hitting $53.47. 356,808 shares of the company’s stock were exchanged, compared to its average volume of 401,155. Fidelity MSCI Utilities Index ETF has a fifty-two week low of $50.53 and a fifty-two week high of $61.51. The company has a 50 day simple moving average of $54.59 and a 200-day simple moving average of $57.12. The firm has a market capitalization of $2.20 billion, a P/E ratio of 20.34 and a beta of 0.57.
Fidelity MSCI Utilities Index ETF 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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