Elevated Capital Advisors LLC Acquires Shares of 9,279 Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Elevated Capital Advisors LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,279 shares of the company’s stock, valued at approximately $481,000.

Other hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC boosted its holdings in shares of Fidelity MSCI Utilities Index ETF by 74.8% during the 2nd quarter. Private Advisor Group LLC now owns 39,089 shares of the company’s stock valued at $1,718,000 after buying an additional 16,725 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the 2nd quarter valued at $200,000. Monumental Financial Group Inc. boosted its stake in Fidelity MSCI Utilities Index ETF by 4.7% in the 1st quarter. Monumental Financial Group Inc. now owns 68,430 shares of the company’s stock worth $2,903,000 after purchasing an additional 3,073 shares in the last quarter. Harbour Investments Inc. boosted its stake in Fidelity MSCI Utilities Index ETF by 3.4% in the 2nd quarter. Harbour Investments Inc. now owns 15,365 shares of the company’s stock worth $675,000 after purchasing an additional 501 shares in the last quarter. Finally, Atria Wealth Solutions Inc. boosted its stake in Fidelity MSCI Utilities Index ETF by 30.0% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 31,669 shares of the company’s stock worth $1,392,000 after purchasing an additional 7,312 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Price Performance

Shares of Fidelity MSCI Utilities Index ETF stock opened at $52.61 on Thursday. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50. The firm’s 50-day moving average is $50.39 and its 200 day moving average is $46.89. Fidelity MSCI Utilities Index ETF has a 1 year low of $37.40 and a 1 year high of $52.94.

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.