Financial Management Network Inc. Decreases Stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Financial Management Network Inc. lowered its position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 21.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,952 shares of the company’s stock after selling 4,230 shares during the quarter. Financial Management Network Inc. owned about 0.06% of Fidelity MSCI Utilities Index ETF worth $792,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. HighTower Advisors LLC grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 1.1% during the 3rd 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 during the period. Apollon Wealth Management LLC acquired a new position in Fidelity MSCI Utilities Index ETF during the 4th quarter worth approximately $5,073,000. Valmark Advisers Inc. lifted its position in Fidelity MSCI Utilities Index ETF by 1.6% during the 4th quarter. Valmark Advisers Inc. now owns 87,594 shares of the company’s stock worth $4,272,000 after acquiring an additional 1,357 shares in the last quarter. Conrad Siegel Investment Advisors Inc. lifted its position in Fidelity MSCI Utilities Index ETF by 13.4% during the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 78,468 shares of the company’s stock worth $3,827,000 after acquiring an additional 9,278 shares in the last quarter. Finally, Sweeney & Michel LLC lifted its position in Fidelity MSCI Utilities Index ETF by 362.6% during the 3rd quarter. Sweeney & Michel LLC now owns 76,080 shares of the company’s stock worth $3,996,000 after acquiring an additional 59,633 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Stock Performance

Fidelity MSCI Utilities Index ETF stock opened at $51.46 on Wednesday. The stock’s 50 day moving average price is $49.79 and its 200 day moving average price is $50.24. The firm has a market capitalization of $1.36 billion, a PE ratio of 22.79 and a beta of 0.50. Fidelity MSCI Utilities Index ETF has a one year low of $39.08 and a one year high of $53.65.

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.