Beaumont Financial Advisors LLC Boosts Stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Beaumont Financial Advisors LLC grew its holdings in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 133.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,992 shares of the company’s stock after acquiring an additional 33,119 shares during the quarter. Beaumont Financial Advisors LLC owned about 0.13% of Fidelity MSCI Utilities Index ETF worth $2,370,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. CWM LLC bought a new stake in Fidelity MSCI Utilities Index ETF during the third quarter valued at approximately $26,000. Qube Research & Technologies Ltd lifted its holdings in shares of Fidelity MSCI Utilities Index ETF by 334.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,209 shares of the company’s stock worth $46,000 after acquiring an additional 931 shares during the last quarter. Global Wealth Management Investment Advisory Inc. grew its position in Fidelity MSCI Utilities Index ETF by 56.4% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 1,250 shares of the company’s stock worth $60,000 after acquiring an additional 451 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in Fidelity MSCI Utilities Index ETF in the third quarter valued at $90,000. Finally, Comerica Bank purchased a new stake in Fidelity MSCI Utilities Index ETF during the third quarter valued at about $122,000.

Fidelity MSCI Utilities Index ETF Trading Up 1.5 %

Shares of FUTY traded up $0.63 during midday trading on Friday, reaching $42.13. The stock had a trading volume of 64,451 shares, compared to its average volume of 286,117. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 21.47 and a beta of 0.55. Fidelity MSCI Utilities Index ETF has a 12-month low of $35.32 and a 12-month high of $45.31. The company’s 50-day moving average is $40.83 and its 200 day moving average is $39.98.

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.