Envestnet Asset Management Inc. Sells 100,177 Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Envestnet Asset Management Inc. reduced its position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 47.8% in the 4th quarter, HoldingsChannel reports. The firm owned 109,540 shares of the company’s stock after selling 100,177 shares during the period. Envestnet Asset Management Inc.’s holdings in Fidelity MSCI Utilities Index ETF were worth $5,342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FUTY. Stifel Financial Corp boosted its holdings in shares of Fidelity MSCI Utilities Index ETF by 97.9% in the 3rd quarter. Stifel Financial Corp now owns 20,181 shares of the company’s stock worth $1,046,000 after acquiring an additional 9,985 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Fidelity MSCI Utilities Index ETF by 45.0% in the third quarter. JPMorgan Chase & Co. now owns 3,143 shares of the company’s stock valued at $163,000 after buying an additional 975 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Fidelity MSCI Utilities Index ETF by 1,140.7% in the fourth quarter. Jones Financial Companies Lllp now owns 4,057 shares of the company’s stock valued at $198,000 after buying an additional 3,730 shares during the last quarter. Modern Wealth Management LLC acquired a new position in Fidelity MSCI Utilities Index ETF during the 4th quarter worth about $3,286,000. Finally, Raymond James Financial Inc. bought a new stake in Fidelity MSCI Utilities Index ETF during the 4th quarter worth about $2,975,000.

Fidelity MSCI Utilities Index ETF Trading Down 2.3 %

Shares of NYSEARCA FUTY opened at $49.13 on Tuesday. Fidelity MSCI Utilities Index ETF has a 1-year low of $41.93 and a 1-year high of $53.65. The company has a 50-day moving average of $50.27 and a two-hundred day moving average of $50.49. The company has a market cap of $1.66 billion, a PE ratio of 20.11 and a beta of 0.57.

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.