Lincoln National Corp Boosts Holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Lincoln National Corp raised its position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 15.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,913 shares of the company’s stock after buying an additional 3,408 shares during the quarter. Lincoln National Corp’s holdings in Fidelity MSCI Utilities Index ETF were worth $1,018,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Benchmark Financial Wealth Advisors LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF in the fourth quarter valued at $1,775,000. Callan Capital LLC bought a new position in Fidelity MSCI Utilities Index ETF during the fourth quarter valued at $367,000. B.O.S.S. Retirement Advisors LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter worth $345,000. Nwam LLC increased its holdings in shares of Fidelity MSCI Utilities Index ETF by 9.0% in the 3rd quarter. Nwam LLC now owns 38,088 shares of the company’s stock worth $1,444,000 after buying an additional 3,156 shares during the last quarter. Finally, Galvin Gaustad & Stein LLC increased its holdings in shares of Fidelity MSCI Utilities Index ETF by 437.1% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 32,792 shares of the company’s stock worth $1,340,000 after buying an additional 26,687 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Trading Up 1.5 %

Shares of NYSEARCA:FUTY opened at $46.05 on Friday. The company has a 50-day moving average price of $42.09 and a 200 day moving average price of $40.64. Fidelity MSCI Utilities Index ETF has a 12 month low of $35.32 and a 12 month high of $46.07. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50.

Fidelity MSCI Utilities Index ETF Company 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.