Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC lifted its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 2.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 547,567 shares of the company’s stock after purchasing an additional 13,515 shares during the quarter. AE Wealth Management LLC owned 2.07% of Fidelity MSCI Utilities Index ETF worth $24,071,000 as of its most recent filing with the SEC.

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

Fidelity MSCI Utilities Index ETF Stock Down 0.5 %

Shares of FUTY stock opened at $50.24 on Friday. The stock has a 50-day simple moving average of $47.90 and a 200 day simple moving average of $45.14. Fidelity MSCI Utilities Index ETF has a fifty-two week low of $35.32 and a fifty-two week high of $51.09. The stock has a market capitalization of $1.33 billion, a P/E ratio of 22.79 and a beta of 0.50.

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.