Traders sold shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) on strength during trading hours on Wednesday. $3.43 million flowed into the stock on the tick-up and $20.89 million flowed out of the stock on the tick-down, for a money net flow of $17.46 million out of the stock. Of all stocks tracked, Fidelity MSCI Utilities Index ETF had the 0th highest net out-flow for the day. Fidelity MSCI Utilities Index ETF traded up $0.03 for the day and closed at $36.93

Hedge funds and other institutional investors have recently made changes to their positions in the company. Canton Hathaway LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the third quarter valued at $102,000. IFP Advisors Inc raised its stake in shares of Fidelity MSCI Utilities Index ETF by 176.5% in the second quarter. IFP Advisors Inc now owns 16,859 shares of the company’s stock valued at $577,000 after acquiring an additional 10,761 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the second quarter valued at $799,000. Finally, Spinnaker Trust raised its stake in shares of Fidelity MSCI Utilities Index ETF by 95.2% in the third quarter. Spinnaker Trust now owns 35,997 shares of the company’s stock valued at $1,253,000 after acquiring an additional 17,552 shares in the last quarter.

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Further Reading: Asset Allocation, Balancing Your Investments

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