Estate Counselors LLC Trims Stock Position in Fidelity MSCI Utilities Index ETF $FUTY

Estate Counselors LLC lessened its position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 72.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 72,975 shares of the company’s stock after selling 196,120 shares during the quarter. Estate Counselors LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $4,030,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Orion Porfolio Solutions LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 1,318.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 472,118 shares of the company’s stock valued at $24,833,000 after acquiring an additional 438,842 shares during the period. AE Wealth Management LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 31.6% in the 4th quarter. AE Wealth Management LLC now owns 1,371,364 shares of the company’s stock valued at $75,727,000 after acquiring an additional 329,549 shares during the period. Bank of America Corp DE raised its stake in shares of Fidelity MSCI Utilities Index ETF by 3.3% in the 3rd quarter. Bank of America Corp DE now owns 9,084,792 shares of the company’s stock valued at $513,018,000 after acquiring an additional 289,161 shares during the period. Independence Financial Advisors LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 2,625.7% in the 3rd quarter. Independence Financial Advisors LLC now owns 192,868 shares of the company’s stock valued at $10,891,000 after acquiring an additional 185,792 shares during the period. Finally, Kingswood Wealth Advisors LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 256.6% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 147,303 shares of the company’s stock valued at $8,318,000 after acquiring an additional 105,999 shares during the period.

Fidelity MSCI Utilities Index ETF Stock Performance

Fidelity MSCI Utilities Index ETF stock opened at $60.03 on Monday. The company’s 50 day simple moving average is $59.74 and its 200-day simple moving average is $57.86. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 20.34 and a beta of 0.63. Fidelity MSCI Utilities Index ETF has a 1 year low of $50.35 and a 1 year high of $61.51.

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.