Richard C. Young & CO. LTD. Sells 1,067 Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Richard C. Young & CO. LTD. cut its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 1.3% in the third quarter, HoldingsChannel reports. The firm owned 78,126 shares of the company’s stock after selling 1,067 shares during the period. Richard C. Young & CO. LTD.’s holdings in Fidelity MSCI Utilities Index ETF were worth $4,048,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. CWM LLC raised its position in shares of Fidelity MSCI Utilities Index ETF by 66.1% in the second quarter. CWM LLC now owns 1,146 shares of the company’s stock valued at $50,000 after purchasing an additional 456 shares during the period. American National Bank raised its holdings in Fidelity MSCI Utilities Index ETF by 27.8% in the 2nd quarter. American National Bank now owns 1,616 shares of the company’s stock worth $71,000 after acquiring an additional 352 shares during the period. Gradient Investments LLC lifted its position in Fidelity MSCI Utilities Index ETF by 25,520.0% during the 2nd quarter. Gradient Investments LLC now owns 2,562 shares of the company’s stock worth $113,000 after acquiring an additional 2,552 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Fidelity MSCI Utilities Index ETF during the second quarter valued at about $200,000. Finally, Cetera Advisors LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the first quarter valued at about $209,000.

Fidelity MSCI Utilities Index ETF Stock Performance

Fidelity MSCI Utilities Index ETF stock opened at $50.99 on Monday. The business’s 50-day simple moving average is $51.10 and its 200-day simple moving average is $47.94. Fidelity MSCI Utilities Index ETF has a 52 week low of $38.17 and a 52 week high of $52.94. The firm has a market capitalization of $1.35 billion, a PE ratio of 22.79 and a beta of 0.50.

Fidelity MSCI Utilities Index ETF 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.