61,004 Shares in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 61,004 shares of the company’s stock, valued at approximately $2,975,000.

Other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC raised its holdings in shares of Fidelity MSCI Utilities Index ETF by 1.1% during the third quarter. HighTower Advisors LLC now owns 208,720 shares of the company’s stock worth $10,791,000 after acquiring an additional 2,307 shares during the period. Apollon Wealth Management LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter valued at about $5,073,000. Valmark Advisers Inc. lifted its holdings in shares of Fidelity MSCI Utilities Index ETF by 1.6% in the fourth quarter. Valmark Advisers Inc. now owns 87,594 shares of the company’s stock valued at $4,272,000 after purchasing an additional 1,357 shares in the last quarter. Conrad Siegel Investment Advisors Inc. boosted its position in shares of Fidelity MSCI Utilities Index ETF by 13.4% during the fourth quarter. Conrad Siegel Investment Advisors Inc. now owns 78,468 shares of the company’s stock worth $3,827,000 after buying an additional 9,278 shares during the period. Finally, Beaumont Financial Advisors LLC grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 14.8% during the fourth quarter. Beaumont Financial Advisors LLC now owns 60,831 shares of the company’s stock worth $2,967,000 after buying an additional 7,854 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Stock Performance

NYSEARCA FUTY opened at $50.39 on Friday. Fidelity MSCI Utilities Index ETF has a 52 week low of $40.34 and a 52 week high of $53.65. The stock’s 50 day moving average price is $50.63 and its two-hundred day moving average price is $50.70. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 20.26 and a beta of 0.62.

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.