HBW Advisory Services LLC Boosts Holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

HBW Advisory Services LLC increased its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 9.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,084 shares of the company’s stock after purchasing an additional 436 shares during the period. HBW Advisory Services LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $248,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FUTY. Wilmington Savings Fund Society FSB purchased a new stake in Fidelity MSCI Utilities Index ETF during the third quarter valued at about $28,000. BNP Paribas Financial Markets purchased a new stake in Fidelity MSCI Utilities Index ETF during the 3rd quarter valued at about $56,000. Glen Eagle Advisors LLC grew its position in Fidelity MSCI Utilities Index ETF by 21.4% during the 3rd quarter. Glen Eagle Advisors LLC now owns 1,604 shares of the company’s stock worth $83,000 after acquiring an additional 283 shares during the last quarter. JPMorgan Chase & Co. grew its position in Fidelity MSCI Utilities Index ETF by 45.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,143 shares of the company’s stock worth $163,000 after acquiring an additional 975 shares during the last quarter. Finally, Penobscot Wealth Management purchased a new position in Fidelity MSCI Utilities Index ETF in the 3rd quarter worth approximately $220,000.

Fidelity MSCI Utilities Index ETF Stock Performance

NYSEARCA:FUTY opened at $48.60 on Friday. Fidelity MSCI Utilities Index ETF has a fifty-two week low of $38.17 and a fifty-two week high of $53.65. The firm has a market cap of $1.29 billion, a PE ratio of 22.79 and a beta of 0.50. The business has a 50 day moving average price of $50.40 and a 200-day moving average price of $49.27.

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.