Northwestern Mutual Wealth Management Co. Has $35.54 Million Stock Holdings in Fidelity MSCI Utilities Index ETF $FUTY

Northwestern Mutual Wealth Management Co. lifted its position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 1,161.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 643,682 shares of the company’s stock after purchasing an additional 592,663 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity MSCI Utilities Index ETF were worth $35,544,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its stake in shares of Fidelity MSCI Utilities Index ETF by 115.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 100,401 shares of the company’s stock worth $5,544,000 after purchasing an additional 53,798 shares during the last quarter. Maxele Advisors LLC increased its stake in shares of Fidelity MSCI Utilities Index ETF by 19.6% during the 4th quarter. Maxele Advisors LLC now owns 22,693 shares of the company’s stock worth $1,253,000 after purchasing an additional 3,724 shares during the last quarter. Western Wealth Management LLC grew its stake in Fidelity MSCI Utilities Index ETF by 32.6% in the 4th quarter. Western Wealth Management LLC now owns 5,707 shares of the company’s stock valued at $315,000 after buying an additional 1,404 shares during the last quarter. Investment Advisory Services Group LLC acquired a new position in Fidelity MSCI Utilities Index ETF in the 4th quarter valued at about $231,000. Finally, Money Concepts Capital Corp acquired a new position in Fidelity MSCI Utilities Index ETF in the 4th quarter valued at about $401,000.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of FUTY opened at $56.81 on Tuesday. Fidelity MSCI Utilities Index ETF has a 52 week low of $51.05 and a 52 week high of $61.51. The firm has a market cap of $2.31 billion, a P/E ratio of 20.34 and a beta of 0.62. The firm’s 50-day simple moving average is $59.22 and its 200 day simple moving average is $57.80.

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.