Axxcess Wealth Management LLC Acquires 703 Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Axxcess Wealth Management LLC increased its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 12.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,487 shares of the company’s stock after buying an additional 703 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $336,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Osaic Holdings Inc. grew its position in shares of Fidelity MSCI Utilities Index ETF by 17.2% during the 1st quarter. Osaic Holdings Inc. now owns 264,672 shares of the company’s stock valued at $11,234,000 after acquiring an additional 38,867 shares during the period. Cedar Wealth Management LLC grew its holdings in Fidelity MSCI Utilities Index ETF by 3.8% during the first quarter. Cedar Wealth Management LLC now owns 18,731 shares of the company’s stock valued at $795,000 after purchasing an additional 679 shares during the period. Sweeney & Michel LLC purchased a new stake in Fidelity MSCI Utilities Index ETF in the first quarter worth about $755,000. Cetera Advisors LLC bought a new position in shares of Fidelity MSCI Utilities Index ETF in the first quarter worth about $209,000. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the 1st quarter valued at about $265,000.

Fidelity MSCI Utilities Index ETF Price Performance

FUTY opened at $50.45 on Thursday. The firm has a market cap of $1.33 billion, a P/E ratio of 22.79 and a beta of 0.50. Fidelity MSCI Utilities Index ETF has a 1-year low of $38.17 and a 1-year high of $52.94. The company has a 50 day simple moving average of $51.04 and a two-hundred day simple moving average of $47.81.

Fidelity MSCI Utilities Index ETF 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.