Modern Wealth Management LLC Invests $3.29 Million in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Modern Wealth Management LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) during the 4th quarter, Holdings Channel reports. The fund purchased 64,571 shares of the company’s stock, valued at approximately $3,286,000.

A number of other large investors also recently made changes to their positions in the business. LPL Financial LLC increased its stake in shares of Fidelity MSCI Utilities Index ETF by 56.7% in the fourth quarter. LPL Financial LLC now owns 470,099 shares of the company’s stock worth $22,927,000 after acquiring an additional 170,067 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Fidelity MSCI Utilities Index ETF by 4.3% in the fourth quarter. HighTower Advisors LLC now owns 217,756 shares of the company’s stock worth $10,620,000 after buying an additional 9,036 shares during the last quarter. Apollon Wealth Management LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the 4th quarter worth about $5,073,000. Valmark Advisers Inc. increased its holdings in shares of Fidelity MSCI Utilities Index ETF by 1.6% during the 4th quarter. Valmark Advisers Inc. now owns 87,594 shares of the company’s stock valued at $4,272,000 after acquiring an additional 1,357 shares during the last quarter. Finally, AGF Management Ltd. raised its stake in shares of Fidelity MSCI Utilities Index ETF by 18.0% in the 4th quarter. AGF Management Ltd. now owns 80,284 shares of the company’s stock valued at $3,915,000 after acquiring an additional 12,236 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Stock Performance

FUTY opened at $49.70 on Wednesday. The firm has a market cap of $1.63 billion, a P/E ratio of 20.26 and a beta of 0.62. The business has a 50 day moving average price of $50.64 and a 200 day moving average price of $50.70. Fidelity MSCI Utilities Index ETF has a twelve month low of $40.34 and a twelve month high of $53.65.

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.