AGF Management Ltd. Increases Stock Holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

AGF Management Ltd. increased its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 18.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,284 shares of the company’s stock after purchasing an additional 12,236 shares during the period. AGF Management Ltd.’s holdings in Fidelity MSCI Utilities Index ETF were worth $3,915,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FUTY. Janney Montgomery Scott LLC purchased a new stake in Fidelity MSCI Utilities Index ETF during the third quarter valued at about $996,000. Sigma Planning Corp grew its position in Fidelity MSCI Utilities Index ETF by 23.8% during the third quarter. Sigma Planning Corp now owns 23,978 shares of the company’s stock valued at $1,243,000 after acquiring an additional 4,614 shares during the period. Axxcess Wealth Management LLC grew its position in Fidelity MSCI Utilities Index ETF by 12.2% during the third quarter. Axxcess Wealth Management LLC now owns 6,487 shares of the company’s stock valued at $336,000 after acquiring an additional 703 shares during the period. Harbour Investments Inc. grew its position in Fidelity MSCI Utilities Index ETF by 3.7% during the third quarter. Harbour Investments Inc. now owns 15,940 shares of the company’s stock valued at $826,000 after acquiring an additional 575 shares during the period. Finally, Lifeworks Advisors LLC grew its position in Fidelity MSCI Utilities Index ETF by 13.2% during the third quarter. Lifeworks Advisors LLC now owns 7,395 shares of the company’s stock valued at $383,000 after acquiring an additional 863 shares during the period.

Fidelity MSCI Utilities Index ETF Trading Down 0.3 %

FUTY stock opened at $49.87 on Thursday. The stock has a 50-day moving average price of $50.30 and a two-hundred day moving average price of $50.59. Fidelity MSCI Utilities Index ETF has a 12-month low of $40.34 and a 12-month high of $53.65. The company has a market cap of $1.64 billion, a PE ratio of 21.01 and a beta of 0.65.

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.