Independent Financial Group LLC Buys New Position in Fidelity MSCI Utilities Index ETF $FUTY

Independent Financial Group LLC bought a new position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,269 shares of the company’s stock, valued at approximately $1,256,000. Independent Financial Group LLC owned 0.05% of Fidelity MSCI Utilities Index ETF at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Fidelity MSCI Utilities Index ETF by 1,161.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 643,682 shares of the company’s stock worth $35,544,000 after buying an additional 592,663 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in shares of Fidelity MSCI Utilities Index ETF by 1,318.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 472,118 shares of the company’s stock valued at $24,833,000 after acquiring an additional 438,842 shares during the period. AE Wealth Management LLC lifted its position in shares of Fidelity MSCI Utilities Index ETF by 31.6% during the 4th quarter. AE Wealth Management LLC now owns 1,371,364 shares of the company’s stock valued at $75,727,000 after acquiring an additional 329,549 shares during the period. Bank of America Corp DE boosted its stake in Fidelity MSCI Utilities Index ETF by 3.3% during the third quarter. Bank of America Corp DE now owns 9,084,792 shares of the company’s stock worth $513,018,000 after acquiring an additional 289,161 shares in the last quarter. Finally, Retirement Management Systems Inc. acquired a new stake in Fidelity MSCI Utilities Index ETF in the fourth quarter worth $7,033,000.

Fidelity MSCI Utilities Index ETF Trading Down 0.6%

FUTY opened at $57.94 on Tuesday. Fidelity MSCI Utilities Index ETF has a 1-year low of $53.23 and a 1-year high of $61.51. The company has a market cap of $2.35 billion, a P/E ratio of 20.34 and a beta of 0.59. The company has a fifty day moving average price of $57.95 and a two-hundred day moving average price of $58.21.

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.