Arkadios Wealth Advisors Has $258,000 Stock Position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Arkadios Wealth Advisors reduced its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 15.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,289 shares of the company’s stock after selling 1,001 shares during the quarter. Arkadios Wealth Advisors’ holdings in Fidelity MSCI Utilities Index ETF were worth $258,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the 3rd quarter valued at $28,000. BNP Paribas Financial Markets bought a new stake in Fidelity MSCI Utilities Index ETF in the third quarter valued at $56,000. Glen Eagle Advisors LLC raised its holdings in shares of Fidelity MSCI Utilities Index ETF by 21.4% during the third quarter. Glen Eagle Advisors LLC now owns 1,604 shares of the company’s stock valued at $83,000 after purchasing an additional 283 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Fidelity MSCI Utilities Index ETF by 45.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,143 shares of the company’s stock valued at $163,000 after buying an additional 975 shares during the period. Finally, Penobscot Wealth Management acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the 3rd quarter valued at about $220,000.

Fidelity MSCI Utilities Index ETF Stock Performance

FUTY stock opened at $50.63 on Friday. The stock’s 50 day simple moving average is $50.35 and its 200 day simple moving average is $49.61. The company has a market cap of $1.34 billion, a P/E ratio of 22.79 and a beta of 0.50. Fidelity MSCI Utilities Index ETF has a fifty-two week low of $38.17 and a fifty-two week 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.