Archer Investment Management LLC Purchases Shares of 36,416 Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Archer Investment Management LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) during the fourth quarter, HoldingsChannel reports. The fund acquired 36,416 shares of the company’s stock, valued at approximately $1,776,000. Fidelity MSCI Utilities Index ETF makes up approximately 1.1% of Archer Investment Management LLC’s holdings, making the stock its 20th largest holding.

A number of other large investors also recently modified their holdings of FUTY. Yoder Wealth Management Inc. increased its holdings in Fidelity MSCI Utilities Index ETF by 7.0% during the 4th quarter. Yoder Wealth Management Inc. now owns 38,324 shares of the company’s stock worth $1,869,000 after purchasing an additional 2,512 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter valued at about $580,000. Southern Capital Advisors LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter valued at approximately $2,081,000. VCI Wealth Management LLC grew its position in Fidelity MSCI Utilities Index ETF by 11.6% during the 4th quarter. VCI Wealth Management LLC now owns 8,547 shares of the company’s stock worth $417,000 after purchasing an additional 891 shares during the last quarter. Finally, GSB Wealth Management LLC increased its stake in Fidelity MSCI Utilities Index ETF by 0.8% during the 4th quarter. GSB Wealth Management LLC now owns 51,659 shares of the company’s stock valued at $2,519,000 after purchasing an additional 424 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Price Performance

NYSEARCA FUTY opened at $50.40 on Tuesday. The company has a fifty day moving average of $50.10 and a 200 day moving average of $49.92. The company has a market capitalization of $1.33 billion, a PE ratio of 22.79 and a beta of 0.50. Fidelity MSCI Utilities Index ETF has a 1 year low of $38.17 and a 1 year 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.