Centric Wealth Management Makes New $2.22 Million Investment in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Centric Wealth Management bought a new position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 45,562 shares of the company’s stock, valued at approximately $2,222,000.

Several other hedge funds have also recently made changes to their positions in the business. LPL Financial LLC boosted its stake in Fidelity MSCI Utilities Index ETF by 56.7% during the fourth quarter. LPL Financial LLC now owns 470,099 shares of the company’s stock worth $22,927,000 after buying an additional 170,067 shares during the period. Apollon Wealth Management LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the 4th quarter worth about $5,073,000. Modern Wealth Management LLC bought a new position in Fidelity MSCI Utilities Index ETF during the 4th quarter valued at about $3,286,000. Raymond James Financial Inc. bought a new position in Fidelity MSCI Utilities Index ETF during the 4th quarter valued at about $2,975,000. Finally, Southern Capital Advisors LLC purchased a new stake in Fidelity MSCI Utilities Index ETF in the 4th quarter worth about $2,081,000.

Fidelity MSCI Utilities Index ETF Stock Performance

FUTY opened at $50.95 on Tuesday. Fidelity MSCI Utilities Index ETF has a one year low of $40.34 and a one year high of $53.65. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 20.26 and a beta of 0.62. The stock’s 50 day moving average price is $50.63 and its 200-day moving average price is $50.72.

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.