Kestra Advisory Services LLC Buys 66,524 Shares of Fidelity MSCI Utilities Index ETF $FUTY

Kestra Advisory Services LLC boosted its position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 13.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 552,635 shares of the company’s stock after buying an additional 66,524 shares during the quarter. Kestra Advisory Services LLC owned approximately 1.39% of Fidelity MSCI Utilities Index ETF worth $32,644,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FUTY. Qube Research & Technologies Ltd acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the second quarter valued at $147,000. NewEdge Advisors LLC increased its position in Fidelity MSCI Utilities Index ETF by 1.8% in the second quarter. NewEdge Advisors LLC now owns 64,625 shares of the company’s stock worth $3,399,000 after purchasing an additional 1,159 shares during the period. Ameriprise Financial Inc. raised its holdings in Fidelity MSCI Utilities Index ETF by 4.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 77,542 shares of the company’s stock worth $4,079,000 after purchasing an additional 3,358 shares during the last quarter. Bank of America Corp DE lifted its position in Fidelity MSCI Utilities Index ETF by 2.0% during the 2nd quarter. Bank of America Corp DE now owns 8,795,631 shares of the company’s stock valued at $462,650,000 after purchasing an additional 171,754 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in shares of Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at about $2,630,000.

Fidelity MSCI Utilities Index ETF Trading Up 0.6%

Shares of NYSEARCA:FUTY traded up $0.35 during trading on Friday, hitting $58.53. 193,682 shares of the company’s stock were exchanged, compared to its average volume of 339,715. Fidelity MSCI Utilities Index ETF has a 1-year low of $52.46 and a 1-year high of $61.51. The firm has a 50-day moving average price of $58.00 and a two-hundred day moving average price of $58.05. The firm has a market cap of $2.35 billion, a P/E ratio of 20.34 and a beta of 0.59.

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.