Eastern Bank Acquires New Position in Fidelity MSCI Utilities Index ETF $FUTY

Eastern Bank acquired a new stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,330 shares of the company’s stock, valued at approximately $70,000.

Other large investors have also modified their holdings of the company. Hilltop National Bank bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at about $26,000. ORG Partners LLC purchased a new stake in Fidelity MSCI Utilities Index ETF during the 2nd quarter worth approximately $32,000. Nova Wealth Management Inc. boosted its holdings in shares of Fidelity MSCI Utilities Index ETF by 2,000.0% in the 2nd quarter. Nova Wealth Management Inc. now owns 1,743 shares of the company’s stock valued at $92,000 after acquiring an additional 1,660 shares during the last quarter. CX Institutional purchased a new stake in shares of Fidelity MSCI Utilities Index ETF in the 1st quarter valued at $188,000. Finally, D.A. Davidson & CO. purchased a new stake in shares of Fidelity MSCI Utilities Index ETF in the 1st quarter valued at $201,000.

Fidelity MSCI Utilities Index ETF Price Performance

FUTY opened at $58.30 on Monday. Fidelity MSCI Utilities Index ETF has a 1 year low of $45.94 and a 1 year high of $59.10. The firm has a fifty day moving average price of $55.56 and a 200 day moving average price of $53.18. The stock has a market cap of $2.14 billion, a P/E ratio of 20.34 and a beta of 0.54.

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.