Targeted Financial Services LLC Purchases New Holdings in Fidelity MSCI Utilities Index ETF $FUTY

Targeted Financial Services LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) in the fourth quarter, HoldingsChannel reports. The fund acquired 48,008 shares of the company’s stock, valued at approximately $2,651,000. Fidelity MSCI Utilities Index ETF accounts for approximately 2.3% of Targeted Financial Services LLC’s holdings, making the stock its 6th largest position.

A number of other hedge funds have also recently bought and sold shares of FUTY. Apollon Wealth Management LLC boosted its stake in shares of Fidelity MSCI Utilities Index ETF by 9.0% during the 4th quarter. Apollon Wealth Management LLC now owns 131,183 shares of the company’s stock valued at $7,244,000 after buying an additional 10,845 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity MSCI Utilities Index ETF by 1,161.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 643,682 shares of the company’s stock worth $35,544,000 after buying an additional 592,663 shares during the last quarter. High Point Wealth Management LLC acquired a new stake in Fidelity MSCI Utilities Index ETF in the fourth quarter valued at $1,567,000. AE Wealth Management LLC raised its holdings in Fidelity MSCI Utilities Index ETF by 31.6% in the fourth quarter. AE Wealth Management LLC now owns 1,371,364 shares of the company’s stock valued at $75,727,000 after acquiring an additional 329,549 shares in the last quarter. Finally, UBS Group AG raised its holdings in Fidelity MSCI Utilities Index ETF by 33.5% in the fourth quarter. UBS Group AG now owns 97,696 shares of the company’s stock valued at $5,395,000 after acquiring an additional 24,536 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Price Performance

NYSEARCA FUTY opened at $57.50 on Friday. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 20.34 and a beta of 0.60. Fidelity MSCI Utilities Index ETF has a 12 month low of $51.72 and a 12 month high of $61.51. The company’s fifty day moving average price is $58.28 and its two-hundred day moving average price is $57.77.

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.