Investment Management Corp VA ADV Makes New $1.31 Million Investment in Fidelity MSCI Utilities Index ETF $FUTY

Investment Management Corp VA ADV purchased a new stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 25,617 shares of the company’s stock, valued at approximately $1,308,000. Fidelity MSCI Utilities Index ETF accounts for about 1.0% of Investment Management Corp VA ADV’s holdings, making the stock its 22nd biggest position. Investment Management Corp VA ADV owned 0.07% of Fidelity MSCI Utilities Index ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC bought a new position in shares of Fidelity MSCI Utilities Index ETF during the third quarter valued at $16,738,000. Schmidt P J Investment Management Inc. bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the 3rd quarter worth about $276,000. D.A. Davidson & CO. acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the 3rd quarter worth about $332,000. Graham Capital Wealth Management LLC increased its position in shares of Fidelity MSCI Utilities Index ETF by 5.6% during the 3rd quarter. Graham Capital Wealth Management LLC now owns 4,964 shares of the company’s stock worth $253,000 after purchasing an additional 263 shares in the last quarter. Finally, Latitude Advisors LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the 3rd quarter worth about $101,000.

Fidelity MSCI Utilities Index ETF Stock Down 0.3%

Shares of FUTY stock opened at $55.66 on Friday. Fidelity MSCI Utilities Index ETF has a 12-month low of $50.53 and a 12-month high of $61.51. The company has a market capitalization of $2.06 billion, a P/E ratio of 20.34 and a beta of 0.55. The firm has a 50-day moving average price of $53.94 and a 200 day moving average price of $57.16.

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.