BNP Paribas Financial Markets Buys 50,000 Shares of Fidelity MSCI Utilities Index ETF $FUTY

BNP Paribas Financial Markets increased its holdings in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 50.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 150,000 shares of the company’s stock after purchasing an additional 50,000 shares during the period. BNP Paribas Financial Markets’ holdings in Fidelity MSCI Utilities Index ETF were worth $8,283,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rossby Financial LCC grew its stake in Fidelity MSCI Utilities Index ETF by 4.9% during the 3rd quarter. Rossby Financial LCC now owns 5,654 shares of the company’s stock worth $322,000 after buying an additional 266 shares during the last quarter. Kestra Private Wealth Services LLC grew its stake in Fidelity MSCI Utilities Index ETF by 7.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 4,462 shares of the company’s stock worth $246,000 after buying an additional 314 shares during the last quarter. Nova Wealth Management Inc. grew its stake in Fidelity MSCI Utilities Index ETF by 8.3% during the 4th quarter. Nova Wealth Management Inc. now owns 4,180 shares of the company’s stock worth $231,000 after buying an additional 322 shares during the last quarter. Sovran Advisors LLC grew its stake in Fidelity MSCI Utilities Index ETF by 4.7% during the 4th quarter. Sovran Advisors LLC now owns 7,797 shares of the company’s stock worth $442,000 after buying an additional 350 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC grew its stake in Fidelity MSCI Utilities Index ETF by 1.6% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 24,653 shares of the company’s stock worth $1,361,000 after buying an additional 382 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Price Performance

Shares of FUTY stock opened at $56.86 on Wednesday. Fidelity MSCI Utilities Index ETF has a 1-year low of $51.50 and a 1-year high of $61.51. The stock’s fifty day moving average price is $58.61 and its 200 day moving average price is $57.78. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 20.34 and a beta of 0.60.

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.