Dynamic Advisor Solutions LLC Sells 274 Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Dynamic Advisor Solutions LLC cut its holdings in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,145 shares of the company’s stock after selling 274 shares during the quarter. Dynamic Advisor Solutions LLC owned approximately 0.17% of Fidelity MSCI Utilities Index ETF worth $2,202,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. HighTower Advisors LLC increased its holdings in Fidelity MSCI Utilities Index ETF by 1.1% during the third quarter. HighTower Advisors LLC now owns 208,720 shares of the company’s stock worth $10,791,000 after buying an additional 2,307 shares during the last quarter. Brookstone Capital Management increased its stake in shares of Fidelity MSCI Utilities Index ETF by 2.6% during the 3rd quarter. Brookstone Capital Management now owns 164,548 shares of the company’s stock worth $8,527,000 after purchasing an additional 4,100 shares during the last quarter. Valmark Advisers Inc. raised its holdings in shares of Fidelity MSCI Utilities Index ETF by 11.0% in the 3rd quarter. Valmark Advisers Inc. now owns 86,237 shares of the company’s stock worth $4,469,000 after purchasing an additional 8,524 shares during the period. Conrad Siegel Investment Advisors Inc. lifted its stake in Fidelity MSCI Utilities Index ETF by 13.4% in the fourth quarter. Conrad Siegel Investment Advisors Inc. now owns 78,468 shares of the company’s stock valued at $3,827,000 after purchasing an additional 9,278 shares during the last quarter. Finally, Sweeney & Michel LLC grew its holdings in Fidelity MSCI Utilities Index ETF by 362.6% during the third quarter. Sweeney & Michel LLC now owns 76,080 shares of the company’s stock valued at $3,996,000 after purchasing an additional 59,633 shares during the period.

Fidelity MSCI Utilities Index ETF Price Performance

NYSEARCA:FUTY opened at $51.09 on Friday. The company has a market capitalization of $1.35 billion, a P/E ratio of 22.79 and a beta of 0.50. The business has a fifty day simple moving average of $50.36 and a two-hundred day simple moving average of $49.70. Fidelity MSCI Utilities Index ETF has a 1 year low of $38.17 and a 1 year high of $53.65.

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.