Nwam LLC Purchases 1,062 Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Nwam LLC lifted its position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 21,318 shares of the company’s stock after buying an additional 1,062 shares during the period. Nwam LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $1,040,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Stifel Financial Corp raised its holdings in shares of Fidelity MSCI Utilities Index ETF by 97.9% in the third quarter. Stifel Financial Corp now owns 20,181 shares of the company’s stock valued at $1,046,000 after acquiring an additional 9,985 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Fidelity MSCI Utilities Index ETF by 45.0% in the third quarter. JPMorgan Chase & Co. now owns 3,143 shares of the company’s stock valued at $163,000 after acquiring an additional 975 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the third quarter valued at about $56,000. Beam Wealth Advisors Inc. raised its holdings in Fidelity MSCI Utilities Index ETF by 2.1% in the third quarter. Beam Wealth Advisors Inc. now owns 18,452 shares of the company’s stock worth $956,000 after purchasing an additional 374 shares in the last quarter. Finally, Harbour Investments Inc. raised its holdings in Fidelity MSCI Utilities Index ETF by 3.7% in the third quarter. Harbour Investments Inc. now owns 15,940 shares of the company’s stock worth $826,000 after purchasing an additional 575 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of Fidelity MSCI Utilities Index ETF stock opened at $51.15 on Friday. The company has a market capitalization of $1.68 billion, a PE ratio of 21.01 and a beta of 0.65. The company has a 50-day simple moving average of $50.09 and a two-hundred day simple moving average of $50.43. Fidelity MSCI Utilities Index ETF has a one year low of $39.36 and a one year high of $53.65.

About Fidelity MSCI Utilities Index ETF

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.