Rialto Wealth Management LLC Acquires Shares of 753 Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Rialto Wealth Management LLC bought a new position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 753 shares of the company’s stock, valued at approximately $37,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sound Income Strategies LLC bought a new position in Fidelity MSCI Utilities Index ETF during the 4th quarter worth $27,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the 3rd quarter valued at $28,000. BNP Paribas Financial Markets acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the 3rd quarter worth $56,000. Tradewinds Capital Management LLC bought a new position in shares of Fidelity MSCI Utilities Index ETF in the fourth quarter worth $60,000. Finally, Roxbury Financial LLC acquired a new position in Fidelity MSCI Utilities Index ETF in the fourth quarter valued at about $74,000.

Fidelity MSCI Utilities Index ETF Stock Up 1.9 %

FUTY opened at $49.95 on Monday. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 21.01 and a beta of 0.65. Fidelity MSCI Utilities Index ETF has a twelve month low of $40.34 and a twelve month high of $53.65. The company has a 50-day simple moving average of $50.24 and a 200 day simple moving average of $50.56.

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.