21,549 Shares of Fidelity MSCI Utilities Index ETF $FUTY Purchased by Money Concepts Capital Corp

Money Concepts Capital Corp purchased a new position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 21,549 shares of the company’s stock, valued at approximately $1,100,000.

Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in Fidelity MSCI Utilities Index ETF by 103.8% in the 3rd quarter. Fifth Third Bancorp now owns 7,101 shares of the company’s stock worth $363,000 after purchasing an additional 3,617 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Fidelity MSCI Utilities Index ETF by 167.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 14,490 shares of the company’s stock valued at $743,000 after buying an additional 9,077 shares during the period. StoneX Group Inc. purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the third quarter valued at approximately $346,000. Investment Management Corp VA ADV purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the third quarter valued at approximately $1,308,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of Fidelity MSCI Utilities Index ETF during the third quarter valued at approximately $16,738,000.

Fidelity MSCI Utilities Index ETF Price Performance

Shares of FUTY traded up $0.27 during mid-day trading on Friday, reaching $56.81. 316,945 shares of the company’s stock traded hands, compared to its average volume of 410,252. The stock has a market cap of $2.08 billion, a P/E ratio of 18.18 and a beta of 0.55. The stock’s 50-day moving average is $54.10 and its two-hundred day moving average is $57.18. Fidelity MSCI Utilities Index ETF has a 12 month low of $50.53 and a 12 month 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.