Fidelity MSCI Utilities Index ETF $FUTY Holdings Lowered by Modern Wealth Management LLC

Modern Wealth Management LLC reduced its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 60.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,928 shares of the company’s stock after selling 39,272 shares during the period. Modern Wealth Management LLC owned 0.07% of Fidelity MSCI Utilities Index ETF worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Atlantic Union Bankshares Corp bought a new stake in Fidelity MSCI Utilities Index ETF during the third quarter worth approximately $39,000. Centaurus Financial Inc. bought a new position in Fidelity MSCI Utilities Index ETF during the 2nd quarter valued at $108,000. Qube Research & Technologies Ltd bought a new position in Fidelity MSCI Utilities Index ETF during the 2nd quarter valued at $147,000. CWM LLC increased its position in shares of Fidelity MSCI Utilities Index ETF by 260.8% during the 3rd quarter. CWM LLC now owns 2,886 shares of the company’s stock valued at $163,000 after purchasing an additional 2,086 shares during the period. Finally, Park Avenue Securities LLC acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the 3rd quarter valued at $206,000.

Fidelity MSCI Utilities Index ETF Stock Performance

FUTY opened at $60.18 on Monday. The company has a market capitalization of $2.38 billion, a PE ratio of 20.34 and a beta of 0.61. The stock’s fifty day moving average is $57.31 and its 200-day moving average is $56.83. Fidelity MSCI Utilities Index ETF has a one year low of $45.94 and a one year high of $61.51.

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.