Thrivent Financial for Lutherans Has $5.54 Million Holdings in Fidelity MSCI Utilities Index ETF $FUTY

Thrivent Financial for Lutherans raised its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 115.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 100,401 shares of the company’s stock after purchasing an additional 53,798 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Fidelity MSCI Utilities Index ETF were worth $5,544,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Orion Porfolio Solutions LLC boosted its stake in shares of Fidelity MSCI Utilities Index ETF by 1,318.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 472,118 shares of the company’s stock worth $24,833,000 after acquiring an additional 438,842 shares during the period. AE Wealth Management LLC raised its stake in 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 lifted its holdings in Fidelity MSCI Utilities Index ETF by 3.3% during 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 purchasing an additional 289,161 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Fidelity MSCI Utilities Index ETF during the second quarter worth $2,630,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Fidelity MSCI Utilities Index ETF by 521.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 51,019 shares of the company’s stock valued at $2,881,000 after purchasing an additional 42,814 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Price Performance

Shares of FUTY opened at $58.16 on Friday. The company’s 50-day moving average is $59.07 and its 200-day moving average is $57.79. The firm has a market capitalization of $2.37 billion, a PE ratio of 20.34 and a beta of 0.62. Fidelity MSCI Utilities Index ETF has a fifty-two week low of $51.05 and a fifty-two week high of $61.51.

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.