Bank of America Corp DE Has $541.72 Million Stock Position in Fidelity MSCI Utilities Index ETF $FUTY

Bank of America Corp DE increased its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,170,828 shares of the company’s stock after acquiring an additional 77,710 shares during the quarter. Bank of America Corp DE owned about 0.23% of Fidelity MSCI Utilities Index ETF worth $541,721,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Centaurus Financial Inc. bought a new position in shares of Fidelity MSCI Utilities Index ETF during the 1st quarter worth about $101,000. Royal Bank of Canada grew its position in Fidelity MSCI Utilities Index ETF by 21.0% during the first quarter. Royal Bank of Canada now owns 28,406 shares of the company’s stock worth $1,678,000 after buying an additional 4,936 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in Fidelity MSCI Utilities Index ETF during the first quarter worth about $274,000. Renaissance Technologies LLC bought a new position in Fidelity MSCI Utilities Index ETF during the first quarter valued at about $419,000. Finally, Cetera Investment Advisers increased its stake in Fidelity MSCI Utilities Index ETF by 29.9% during the first quarter. Cetera Investment Advisers now owns 250,627 shares of the company’s stock valued at $14,805,000 after acquiring an additional 57,657 shares during the period.

Fidelity MSCI Utilities Index ETF Stock Down 0.7%

Fidelity MSCI Utilities Index ETF stock opened at $57.09 on Friday. The business has a 50 day moving average price of $58.08 and a two-hundred day moving average price of $58.39. Fidelity MSCI Utilities Index ETF has a 12 month low of $53.23 and a 12 month high of $61.51. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 20.34 and a beta of 0.59.

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.