Rialto Wealth Management LLC Buys Shares of 753 Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Rialto Wealth Management LLC bought a new position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) in the fourth quarter, Holdings Channel.com reports. The firm bought 753 shares of the company’s stock, valued at approximately $37,000.

A number of other hedge funds also recently made changes to their positions in FUTY. Apollon Wealth Management LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the 4th quarter valued at $5,073,000. Raymond James Financial Inc. bought a new position in Fidelity MSCI Utilities Index ETF in the fourth quarter valued at about $2,975,000. Southern Capital Advisors LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter valued at about $2,081,000. Archer Investment Management LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter worth about $1,776,000. Finally, Lifeworks Advisors LLC increased its stake in shares of Fidelity MSCI Utilities Index ETF by 312.0% in the fourth quarter. Lifeworks Advisors LLC now owns 30,469 shares of the company’s stock valued at $1,486,000 after buying an additional 23,074 shares during the period.

Fidelity MSCI Utilities Index ETF Price Performance

NYSEARCA:FUTY opened at $49.95 on Monday. Fidelity MSCI Utilities Index ETF has a one year low of $40.34 and a one year high of $53.65. The company has a market cap of $1.64 billion, a PE ratio of 21.01 and a beta of 0.65. The firm’s 50 day simple moving average is $50.24 and its 200 day simple moving average is $50.56.

About Fidelity MSCI Utilities Index ETF

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.