Steward Partners Investment Advisory LLC Buys 59,967 Shares of Fidelity MSCI Utilities Index ETF $FUTY

Steward Partners Investment Advisory LLC boosted its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 1,086.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 65,486 shares of the company’s stock after buying an additional 59,967 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $3,445,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. American National Bank & Trust lifted its position in shares of Fidelity MSCI Utilities Index ETF by 10.6% during the second quarter. American National Bank & Trust now owns 11,134 shares of the company’s stock valued at $586,000 after purchasing an additional 1,070 shares in the last quarter. Raymond James Financial Inc. grew its position in Fidelity MSCI Utilities Index ETF by 50.5% in the 1st quarter. Raymond James Financial Inc. now owns 91,785 shares of the company’s stock worth $4,676,000 after purchasing an additional 30,781 shares in the last quarter. AlphaCore Capital LLC purchased a new stake in Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at about $486,000. Avalon Trust Co bought a new position in shares of Fidelity MSCI Utilities Index ETF during the 2nd quarter worth approximately $242,000. Finally, Atria Wealth Solutions Inc. lifted its position in shares of Fidelity MSCI Utilities Index ETF by 6.2% during the 1st quarter. Atria Wealth Solutions Inc. now owns 19,035 shares of the company’s stock worth $970,000 after buying an additional 1,112 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Trading Up 1.3%

Shares of FUTY opened at $58.16 on Friday. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 20.34 and a beta of 0.61. The stock has a 50 day moving average of $57.69 and a 200 day moving average of $55.02. Fidelity MSCI Utilities Index ETF has a 12 month low of $45.94 and a 12 month high of $60.56.

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.