Stableford Capital II LLC Cuts Stock Holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Stableford Capital II LLC lowered its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 2.8% in the 4th quarter, HoldingsChannel reports. The firm owned 8,963 shares of the company’s stock after selling 254 shares during the quarter. Stableford Capital II LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $437,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FUTY. Stifel Financial Corp lifted its position in shares of Fidelity MSCI Utilities Index ETF by 97.9% during the third quarter. Stifel Financial Corp now owns 20,181 shares of the company’s stock valued at $1,046,000 after buying an additional 9,985 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in Fidelity MSCI Utilities Index ETF during the third quarter valued at approximately $56,000. Beam Wealth Advisors Inc. boosted its stake in Fidelity MSCI Utilities Index ETF by 2.1% in the third quarter. Beam Wealth Advisors Inc. now owns 18,452 shares of the company’s stock valued at $956,000 after acquiring an additional 374 shares in the last quarter. Harbour Investments Inc. grew its holdings in Fidelity MSCI Utilities Index ETF by 3.7% in the third quarter. Harbour Investments Inc. now owns 15,940 shares of the company’s stock worth $826,000 after purchasing an additional 575 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Fidelity MSCI Utilities Index ETF by 1.1% during the third quarter. HighTower Advisors LLC now owns 208,720 shares of the company’s stock worth $10,791,000 after purchasing an additional 2,307 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Price Performance

Shares of FUTY stock opened at $50.17 on Friday. The stock’s fifty day moving average price is $50.15 and its 200 day moving average price is $49.83. Fidelity MSCI Utilities Index ETF has a 1-year low of $38.17 and a 1-year high of $53.65. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50.

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.