Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Shares Bought by Cedar Wealth Management LLC

Cedar Wealth Management LLC lifted its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 114.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,118 shares of the company’s stock after buying an additional 21,387 shares during the period. Fidelity MSCI Utilities Index ETF makes up 0.6% of Cedar Wealth Management LLC’s portfolio, making the stock its 27th biggest position. Cedar Wealth Management LLC owned 0.15% of Fidelity MSCI Utilities Index ETF worth $1,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. CWM LLC grew its position in Fidelity MSCI Utilities Index ETF by 66.1% in the second quarter. CWM LLC now owns 1,146 shares of the company’s stock valued at $50,000 after acquiring an additional 456 shares in the last quarter. American National Bank grew its holdings in Fidelity MSCI Utilities Index ETF by 60.6% during the 1st quarter. American National Bank now owns 1,264 shares of the company’s stock valued at $54,000 after purchasing an additional 477 shares in the last quarter. Principal Securities Inc. purchased a new stake in Fidelity MSCI Utilities Index ETF during the 4th quarter worth $63,000. Gradient Investments LLC lifted its holdings in Fidelity MSCI Utilities Index ETF by 25,520.0% in the 2nd quarter. Gradient Investments LLC now owns 2,562 shares of the company’s stock worth $113,000 after buying an additional 2,552 shares in the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in Fidelity MSCI Utilities Index ETF in the 4th quarter valued at about $143,000.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of NYSEARCA FUTY opened at $50.24 on Friday. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50. Fidelity MSCI Utilities Index ETF has a 1 year low of $35.32 and a 1 year high of $51.09. The stock’s 50-day simple moving average is $47.90 and its 200-day simple moving average is $45.14.

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.