Cetera Investment Advisers Increases Stake in Fidelity MSCI Utilities Index ETF $FUTY

Cetera Investment Advisers lifted its position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 29.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 250,627 shares of the company’s stock after acquiring an additional 57,657 shares during the quarter. Cetera Investment Advisers owned 0.62% of Fidelity MSCI Utilities Index ETF worth $14,805,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FUTY. Bellwether Advisors LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the 1st quarter worth approximately $1,800,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF in the first quarter valued at approximately $118,000. Simon Quick Advisors LLC boosted its stake in shares of Fidelity MSCI Utilities Index ETF by 2.4% in the first quarter. Simon Quick Advisors LLC now owns 52,284 shares of the company’s stock valued at $3,088,000 after buying an additional 1,228 shares in the last quarter. Independent Financial Group LLC acquired a new position in Fidelity MSCI Utilities Index ETF during the first quarter worth $1,256,000. Finally, D.A. Davidson & CO. grew its holdings in Fidelity MSCI Utilities Index ETF by 4.5% during the first quarter. D.A. Davidson & CO. now owns 5,400 shares of the company’s stock worth $319,000 after acquiring an additional 233 shares during the period.

Fidelity MSCI Utilities Index ETF Stock Performance

NYSEARCA:FUTY opened at $58.57 on Wednesday. Fidelity MSCI Utilities Index ETF has a 1 year low of $53.23 and a 1 year high of $61.51. The stock has a fifty day moving average price of $58.12 and a two-hundred day moving average price of $58.36. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 20.34 and a beta of 0.59.

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.