Estate Counselors LLC Lowers Holdings in Fidelity MSCI Utilities Index ETF $FUTY

Estate Counselors LLC lowered its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 35.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,200 shares of the company’s stock after selling 25,775 shares during the period. Estate Counselors LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $2,788,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FUTY. Apollon Wealth Management LLC boosted its position in Fidelity MSCI Utilities Index ETF by 9.0% in the 4th quarter. Apollon Wealth Management LLC now owns 131,183 shares of the company’s stock valued at $7,244,000 after buying an additional 10,845 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Fidelity MSCI Utilities Index ETF by 1,161.7% during the fourth 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. High Point Wealth Management LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter worth $1,567,000. AE Wealth Management LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 31.6% in the fourth 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 in the last quarter. Finally, UBS Group AG raised its stake in shares of Fidelity MSCI Utilities Index ETF by 33.5% in the fourth quarter. UBS Group AG now owns 97,696 shares of the company’s stock valued at $5,395,000 after acquiring an additional 24,536 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Trading Down 1.2%

NYSEARCA:FUTY opened at $58.78 on Tuesday. The firm has a market cap of $2.38 billion, a PE ratio of 20.34 and a beta of 0.59. The stock has a fifty day moving average price of $58.09 and a 200 day moving average price of $58.33. Fidelity MSCI Utilities Index ETF has a 12-month low of $53.23 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.