Comerica Bank reduced its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,954 shares of the company’s stock after selling 226 shares during the quarter. Comerica Bank’s holdings in Fidelity MSCI Utilities Index ETF were worth $168,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of FUTY. Sweeney & Michel LLC acquired a new position in Fidelity MSCI Utilities Index ETF in the first quarter valued at about $755,000. Cedar Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Utilities Index ETF by 3.8% during the 1st quarter. Cedar Wealth Management LLC now owns 18,731 shares of the company’s stock worth $795,000 after acquiring an additional 679 shares during the period. Osaic Holdings Inc. boosted its position in shares of Fidelity MSCI Utilities Index ETF by 17.2% during the 1st quarter. Osaic Holdings Inc. now owns 264,672 shares of the company’s stock worth $11,234,000 after acquiring an additional 38,867 shares in the last quarter. Rogco LP acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the 1st quarter worth approximately $157,000. Finally, PFG Advisors increased its stake in Fidelity MSCI Utilities Index ETF by 5.8% in the first quarter. PFG Advisors now owns 5,705 shares of the company’s stock valued at $242,000 after acquiring an additional 312 shares during the last quarter.
Fidelity MSCI Utilities Index ETF Price Performance
Shares of NYSEARCA:FUTY opened at $48.00 on Friday. The company’s 50 day simple moving average is $45.64 and its 200 day simple moving average is $43.50. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50. Fidelity MSCI Utilities Index ETF has a 1 year low of $35.32 and a 1 year high of $48.76.
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.
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