Kingswood Wealth Advisors LLC Trims Holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Kingswood Wealth Advisors LLC decreased its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 41.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 65,178 shares of the company’s stock after selling 45,939 shares during the period. Kingswood Wealth Advisors LLC owned 0.25% of Fidelity MSCI Utilities Index ETF worth $3,179,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FUTY. GSB Wealth Management LLC increased its holdings in Fidelity MSCI Utilities Index ETF by 0.8% during the 4th quarter. GSB Wealth Management LLC now owns 51,659 shares of the company’s stock worth $2,519,000 after acquiring an additional 424 shares during the period. Sound Income Strategies LLC bought a new position in Fidelity MSCI Utilities Index ETF in the 4th quarter worth about $27,000. RFG Advisory LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter valued at about $303,000. Beaumont Financial Advisors LLC lifted its position in Fidelity MSCI Utilities Index ETF by 14.8% during the fourth quarter. Beaumont Financial Advisors LLC now owns 60,831 shares of the company’s stock valued at $2,967,000 after purchasing an additional 7,854 shares during the last quarter. Finally, Maltin Wealth Management Inc. raised its position in shares of Fidelity MSCI Utilities Index ETF by 0.8% during the 4th quarter. Maltin Wealth Management Inc. now owns 41,578 shares of the company’s stock valued at $2,028,000 after buying an additional 331 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Stock Performance

NYSEARCA FUTY opened at $51.09 on Monday. Fidelity MSCI Utilities Index ETF has a 52-week low of $38.17 and a 52-week high of $53.65. The company has a fifty day moving average of $50.36 and a 200-day moving average of $49.73. The company has a market capitalization of $1.35 billion, a P/E ratio of 22.79 and a beta of 0.50.

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.