Bellwether Advisors LLC Makes New Investment in Fidelity MSCI Utilities Index ETF $FUTY

Bellwether Advisors LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 30,473 shares of the company’s stock, valued at approximately $1,800,000. Bellwether Advisors LLC owned 0.07% of Fidelity MSCI Utilities Index ETF at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Qube Research & Technologies Ltd acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the second quarter worth $147,000. NewEdge Advisors LLC raised its holdings in shares of 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 valued at $3,399,000 after purchasing an additional 1,159 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Fidelity MSCI Utilities Index ETF by 4.5% in the second 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 in the last quarter. Bank of America Corp DE boosted its holdings in Fidelity MSCI Utilities Index ETF by 2.0% during the second quarter. Bank of America Corp DE now owns 8,795,631 shares of the company’s stock worth $462,650,000 after purchasing an additional 171,754 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at $2,630,000.

Fidelity MSCI Utilities Index ETF Price Performance

Fidelity MSCI Utilities Index ETF stock opened at $57.95 on Wednesday. The firm has a 50-day moving average of $57.94 and a 200-day moving average of $58.22. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 20.34 and a beta of 0.59. Fidelity MSCI Utilities Index ETF has a one year low of $53.23 and a one year high of $61.51.

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.