Fidelity MSCI Utilities Index ETF $FUTY Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers raised its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 29.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 250,627 shares of the company’s stock after buying an additional 57,657 shares during the period. Cetera Investment Advisers’ holdings in Fidelity MSCI Utilities Index ETF were worth $14,805,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 1,161.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 643,682 shares of the company’s stock worth $35,544,000 after acquiring an additional 592,663 shares during the period. Orion Porfolio Solutions LLC increased its position in shares of Fidelity MSCI Utilities Index ETF by 1,318.8% in the second quarter. Orion Porfolio Solutions LLC now owns 472,118 shares of the company’s stock valued at $24,833,000 after buying an additional 438,842 shares in the last quarter. AE Wealth Management LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 31.6% during the 4th quarter. AE Wealth Management LLC now owns 1,371,364 shares of the company’s stock worth $75,727,000 after buying an additional 329,549 shares during the last quarter. Bank of America Corp DE raised its stake in shares of 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 worth $513,018,000 after buying an additional 289,161 shares during the last quarter. Finally, Retirement Management Systems Inc. acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the 4th quarter worth $7,033,000.

Fidelity MSCI Utilities Index ETF Stock Down 0.4%

Fidelity MSCI Utilities Index ETF stock opened at $58.57 on Wednesday. The firm has a market capitalization of $2.37 billion, a PE ratio of 20.34 and a beta of 0.59. Fidelity MSCI Utilities Index ETF has a 52 week low of $53.23 and a 52 week high of $61.51. The firm’s 50-day simple moving average is $58.12 and its 200 day simple moving average is $58.36.

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.