Raymond James Financial Services Advisors Inc. Lowers Stock Position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Raymond James Financial Services Advisors Inc. reduced its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 15.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,473 shares of the company’s stock after selling 2,438 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Fidelity MSCI Utilities Index ETF were worth $551,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. CWM LLC purchased a new position in Fidelity MSCI Utilities Index ETF in the 3rd quarter worth approximately $26,000. Qube Research & Technologies Ltd lifted its holdings in Fidelity MSCI Utilities Index ETF by 334.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,209 shares of the company’s stock worth $46,000 after purchasing an additional 931 shares in the last quarter. Global Wealth Management Investment Advisory Inc. lifted its holdings in Fidelity MSCI Utilities Index ETF by 56.4% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 1,250 shares of the company’s stock worth $60,000 after purchasing an additional 451 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in Fidelity MSCI Utilities Index ETF in the 3rd quarter worth approximately $90,000. Finally, Money Concepts Capital Corp bought a new stake in Fidelity MSCI Utilities Index ETF in the 4th quarter worth approximately $144,000.

Fidelity MSCI Utilities Index ETF Price Performance

NYSEARCA:FUTY opened at $41.50 on Friday. Fidelity MSCI Utilities Index ETF has a 1 year low of $35.32 and a 1 year high of $45.31. The stock’s 50 day simple moving average is $40.83 and its two-hundred day simple moving average is $39.98. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 21.47 and a beta of 0.55.

Fidelity MSCI Utilities Index ETF Company 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.