Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Shares Sold by Sigma Planning Corp

Sigma Planning Corp trimmed its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 61.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,342 shares of the company’s stock after selling 22,926 shares during the period. Sigma Planning Corp’s holdings in Fidelity MSCI Utilities Index ETF were worth $586,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of FUTY. Estate Counselors LLC raised its position in shares of Fidelity MSCI Utilities Index ETF by 148.2% in the fourth quarter. Estate Counselors LLC now owns 101,530 shares of the company’s stock valued at $4,149,000 after buying an additional 60,620 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in Fidelity MSCI Utilities Index ETF by 348.6% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 65,427 shares of the company’s stock worth $2,715,000 after purchasing an additional 50,841 shares during the last quarter. Benchmark Financial Wealth Advisors LLC acquired a new stake in Fidelity MSCI Utilities Index ETF during the fourth quarter worth about $1,775,000. Brookstone Capital Management increased its position in Fidelity MSCI Utilities Index ETF by 42.5% during the third quarter. Brookstone Capital Management now owns 142,630 shares of the company’s stock worth $5,374,000 after purchasing an additional 42,531 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Fidelity MSCI Utilities Index ETF during the fourth quarter worth about $1,694,000.

Fidelity MSCI Utilities Index ETF Trading Up 0.6 %

Fidelity MSCI Utilities Index ETF stock opened at $43.04 on Thursday. Fidelity MSCI Utilities Index ETF has a 12-month low of $35.32 and a 12-month high of $45.31. The stock has a market cap of $1.16 billion, a P/E ratio of 21.47 and a beta of 0.55. The company has a 50-day moving average price of $41.05 and a 200 day moving average price of $40.16.

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.