Glass Jacobson Investment Advisors llc lifted its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) by 4.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 13,247 shares of the company’s stock after purchasing an additional 608 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in Fidelity MSCI Utilities Index ETF were worth $697,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hilltop National Bank acquired a new position in shares of Fidelity MSCI Utilities Index ETF in the second quarter valued at about $26,000. Briaud Financial Planning Inc purchased a new stake in Fidelity MSCI Utilities Index ETF in the second quarter valued at approximately $30,000. ORG Partners LLC acquired a new position in Fidelity MSCI Utilities Index ETF in the 2nd quarter worth approximately $32,000. IMG Wealth Management Inc. purchased a new position in Fidelity MSCI Utilities Index ETF during the 2nd quarter worth approximately $34,000. Finally, Eastern Bank acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the second quarter worth $70,000.
Fidelity MSCI Utilities Index ETF Price Performance
Shares of Fidelity MSCI Utilities Index ETF stock opened at $59.09 on Friday. Fidelity MSCI Utilities Index ETF has a 1 year low of $45.94 and a 1 year high of $60.56. The stock has a market cap of $2.19 billion, a PE ratio of 20.34 and a beta of 0.54. The firm has a fifty day moving average price of $56.25 and a 200 day moving average price of $53.78.
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.
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