Fidelity MSCI Utilities Index ETF $FUTY Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lessened its position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 11.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 170,774 shares of the company’s stock after selling 21,781 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $9,430,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Qube Research & Technologies Ltd acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the second quarter valued at $147,000. NewEdge Advisors LLC raised 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 acquiring an additional 1,159 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Fidelity MSCI Utilities Index ETF by 4.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 77,542 shares of the company’s stock valued at $4,079,000 after acquiring an additional 3,358 shares during the last quarter. Bank of America Corp DE boosted its position in shares of 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 in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Fidelity MSCI Utilities Index ETF in the 2nd quarter worth approximately $2,630,000.

Fidelity MSCI Utilities Index ETF Price Performance

NYSEARCA FUTY opened at $57.50 on Friday. Fidelity MSCI Utilities Index ETF has a 12 month low of $51.72 and a 12 month high of $61.51. The company has a market capitalization of $2.34 billion, a P/E ratio of 20.34 and a beta of 0.60. The company’s 50 day simple moving average is $58.33 and its 200 day simple moving average is $57.77.

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.