Maltin Wealth Management Inc. Has $1.58 Million Stock Position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Maltin Wealth Management Inc. lifted its position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 7.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,177 shares of the company’s stock after acquiring an additional 2,618 shares during the quarter. Maltin Wealth Management Inc. owned approximately 0.14% of Fidelity MSCI Utilities Index ETF worth $1,577,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. American National Bank grew its holdings in Fidelity MSCI Utilities Index ETF by 242.2% during the 4th quarter. American National Bank now owns 787 shares of the company’s stock worth $32,000 after acquiring an additional 557 shares during the period. Principal Securities Inc. bought a new stake in Fidelity MSCI Utilities Index ETF in the fourth quarter valued at about $63,000. O Shaughnessy Asset Management LLC bought a new stake in Fidelity MSCI Utilities Index ETF in the third quarter valued at about $90,000. Creekmur Asset Management LLC bought a new position in Fidelity MSCI Utilities Index ETF during the fourth quarter worth about $143,000. Finally, SYM FINANCIAL Corp grew its position in shares of Fidelity MSCI Utilities Index ETF by 24.4% during the 4th quarter. SYM FINANCIAL Corp now owns 5,100 shares of the company’s stock worth $208,000 after buying an additional 1,000 shares during the period.

Fidelity MSCI Utilities Index ETF Trading Down 1.1 %

Shares of FUTY stock traded down $0.51 on Friday, reaching $43.92. The company had a trading volume of 91,778 shares, compared to its average volume of 234,019. The company has a 50-day moving average of $45.05 and a 200-day moving average of $42.15. Fidelity MSCI Utilities Index ETF has a 12 month low of $35.32 and a 12 month high of $47.02. The stock has a market cap of $1.16 billion, a PE ratio of 22.79 and a beta of 0.50.

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.