Centric Wealth Management Takes $2.22 Million Position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Centric Wealth Management acquired a new position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 45,562 shares of the company’s stock, valued at approximately $2,222,000. Centric Wealth Management owned about 0.17% of Fidelity MSCI Utilities Index ETF at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. D.A. Davidson & CO. bought a new position in shares of Fidelity MSCI Utilities Index ETF in the 3rd quarter worth $1,193,000. FMR LLC grew its position in Fidelity MSCI Utilities Index ETF by 29.5% in the third quarter. FMR LLC now owns 28,864 shares of the company’s stock worth $1,496,000 after acquiring an additional 6,567 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Fidelity MSCI Utilities Index ETF in the third quarter valued at $56,000. HighTower Advisors LLC raised its position in Fidelity MSCI Utilities Index ETF by 1.1% during the third quarter. HighTower Advisors LLC now owns 208,720 shares of the company’s stock valued at $10,791,000 after purchasing an additional 2,307 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in Fidelity MSCI Utilities Index ETF by 97.9% during the third quarter. Stifel Financial Corp now owns 20,181 shares of the company’s stock worth $1,046,000 after purchasing an additional 9,985 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Trading Up 1.1 %

FUTY opened at $50.95 on Tuesday. The stock has a market capitalization of $1.67 billion, a P/E ratio of 20.26 and a beta of 0.62. The stock has a 50-day moving average price of $50.63 and a 200-day moving average price of $50.72. Fidelity MSCI Utilities Index ETF has a 12-month low of $40.34 and a 12-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.