NewEdge Advisors LLC Buys 16,583 Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

NewEdge Advisors LLC lifted its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 44.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,052 shares of the company’s stock after acquiring an additional 16,583 shares during the period. NewEdge Advisors LLC owned 0.20% of Fidelity MSCI Utilities Index ETF worth $2,636,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. LPL Financial LLC raised its holdings in Fidelity MSCI Utilities Index ETF by 56.7% in the fourth quarter. LPL Financial LLC now owns 470,099 shares of the company’s stock worth $22,927,000 after purchasing an additional 170,067 shares in the last quarter. HighTower Advisors LLC lifted its position in Fidelity MSCI Utilities Index ETF by 4.3% during the fourth quarter. HighTower Advisors LLC now owns 217,756 shares of the company’s stock valued at $10,620,000 after acquiring an additional 9,036 shares during the last quarter. Apollon Wealth Management LLC acquired a new stake in Fidelity MSCI Utilities Index ETF in the fourth quarter valued at approximately $5,073,000. Valmark Advisers Inc. grew its holdings in Fidelity MSCI Utilities Index ETF by 1.6% in the fourth quarter. Valmark Advisers Inc. now owns 87,594 shares of the company’s stock worth $4,272,000 after purchasing an additional 1,357 shares during the last quarter. Finally, AGF Management Ltd. increased its position in shares of Fidelity MSCI Utilities Index ETF by 18.0% during the fourth quarter. AGF Management Ltd. now owns 80,284 shares of the company’s stock worth $3,915,000 after purchasing an additional 12,236 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Price Performance

Shares of FUTY stock opened at $49.13 on Tuesday. The stock’s fifty day moving average price is $50.27 and its 200 day moving average price is $50.49. Fidelity MSCI Utilities Index ETF has a 1-year low of $41.93 and a 1-year high of $53.65. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 20.11 and a beta of 0.57.

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.