Brookstone Capital Management Cuts Position in Fidelity MSCI Utilities Index ETF $FUTY

Brookstone Capital Management decreased its position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 85.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 12,235 shares of the company’s stock after selling 70,288 shares during the period. Brookstone Capital Management’s holdings in Fidelity MSCI Utilities Index ETF were worth $644,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Hilltop National Bank purchased a new position in Fidelity MSCI Utilities Index ETF in the second quarter valued at approximately $26,000. ORG Partners LLC purchased a new position in Fidelity MSCI Utilities Index ETF in the second quarter valued at approximately $32,000. IMG Wealth Management Inc. purchased a new position in Fidelity MSCI Utilities Index ETF in the second quarter valued at approximately $34,000. Eastern Bank purchased a new position in Fidelity MSCI Utilities Index ETF in the second quarter valued at approximately $70,000. Finally, Nova Wealth Management Inc. lifted its stake in Fidelity MSCI Utilities Index ETF by 2,000.0% in the second quarter. Nova Wealth Management Inc. now owns 1,743 shares of the company’s stock valued at $92,000 after purchasing an additional 1,660 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Trading Up 1.3%

Fidelity MSCI Utilities Index ETF stock opened at $59.09 on Monday. Fidelity MSCI Utilities Index ETF has a 12 month low of $45.94 and a 12 month high of $60.56. The business’s 50 day simple moving average is $56.25 and its 200 day simple moving average is $53.86. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 20.34 and a beta of 0.54.

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.