Independence Financial Advisors LLC Purchases 185,792 Shares of Fidelity MSCI Utilities Index ETF $FUTY

Independence Financial Advisors LLC increased its holdings in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 2,625.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,868 shares of the company’s stock after buying an additional 185,792 shares during the quarter. Fidelity MSCI Utilities Index ETF accounts for about 3.3% of Independence Financial Advisors LLC’s portfolio, making the stock its 14th largest position. Independence Financial Advisors LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $10,891,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Hilltop National Bank purchased a new stake in Fidelity MSCI Utilities Index ETF in the second quarter valued at $26,000. Briaud Financial Planning Inc acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the second quarter worth approximately $30,000. ORG Partners LLC purchased a new position in Fidelity MSCI Utilities Index ETF during the second quarter worth approximately $32,000. IMG Wealth Management Inc. purchased a new stake in Fidelity MSCI Utilities Index ETF in the second quarter valued at $34,000. Finally, Eastern Bank acquired a new stake in Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at approximately $70,000.

Fidelity MSCI Utilities Index ETF Stock Up 1.2%

Shares of FUTY opened at $55.15 on Friday. Fidelity MSCI Utilities Index ETF has a fifty-two week low of $45.94 and a fifty-two week high of $60.56. The company has a market cap of $2.17 billion, a P/E ratio of 20.34 and a beta of 0.61. The firm’s 50 day moving average price is $56.39 and its 200 day moving average price is $55.77.

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.