Accel Wealth Management Lowers Stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Accel Wealth Management cut its position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,632 shares of the company’s stock after selling 876 shares during the quarter. Accel Wealth Management’s holdings in Fidelity MSCI Utilities Index ETF were worth $353,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. grew its stake in shares of Fidelity MSCI Utilities Index ETF by 68.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,956 shares of the company’s stock valued at $477,000 after acquiring an additional 4,044 shares in the last quarter. Private Advisor Group LLC bought a new position in Fidelity MSCI Utilities Index ETF in the first quarter worth about $750,000. NewEdge Advisors LLC lifted its holdings in Fidelity MSCI Utilities Index ETF by 195.5% in the first quarter. NewEdge Advisors LLC now owns 80,972 shares of the company’s stock worth $3,880,000 after acquiring an additional 53,568 shares during the last quarter. Mariner LLC lifted its holdings in Fidelity MSCI Utilities Index ETF by 8.4% in the first quarter. Mariner LLC now owns 31,123 shares of the company’s stock worth $1,491,000 after acquiring an additional 2,423 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC lifted its holdings in Fidelity MSCI Utilities Index ETF by 14.0% in the first quarter. Jaffetilchin Investment Partners LLC now owns 17,641 shares of the company’s stock worth $800,000 after acquiring an additional 2,163 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of FUTY traded up $0.35 during mid-day trading on Thursday, reaching $42.42. 106,092 shares of the company’s stock traded hands, compared to its average volume of 330,542. The business’s 50-day moving average price is $40.00 and its 200-day moving average price is $39.81. The stock has a market capitalization of $1.87 billion, a P/E ratio of 24.22 and a beta of 0.54. Fidelity MSCI Utilities Index ETF has a 12 month low of $35.32 and a 12 month high of $45.38.

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.