Lynch & Associates IN Has $538,000 Stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Lynch & Associates IN lifted its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 12.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,245 shares of the company’s stock after acquiring an additional 1,356 shares during the period. Lynch & Associates IN’s holdings in Fidelity MSCI Utilities Index ETF were worth $538,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FUTY. International Assets Investment Management LLC acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter valued at about $1,694,000. Private Advisor Group LLC boosted its holdings in Fidelity MSCI Utilities Index ETF by 110.5% in the fourth quarter. Private Advisor Group LLC now owns 34,645 shares of the company’s stock worth $1,416,000 after acquiring an additional 18,183 shares in the last quarter. Principal Securities Inc. bought a new position in Fidelity MSCI Utilities Index ETF in the fourth quarter worth approximately $63,000. BNP Paribas Financial Markets grew its stake in Fidelity MSCI Utilities Index ETF by 185.4% in the fourth quarter. BNP Paribas Financial Markets now owns 428,452 shares of the company’s stock valued at $17,507,000 after acquiring an additional 278,340 shares during the period. Finally, AGF Management Ltd. increased its holdings in shares of Fidelity MSCI Utilities Index ETF by 42.0% during the fourth quarter. AGF Management Ltd. now owns 18,104 shares of the company’s stock valued at $740,000 after acquiring an additional 5,359 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Stock Down 0.9 %

Shares of FUTY opened at $48.85 on Friday. The business’s fifty day moving average is $46.85 and its 200 day moving average is $44.52. Fidelity MSCI Utilities Index ETF has a 12-month low of $35.32 and a 12-month high of $49.86. The stock has a market cap of $1.29 billion, a P/E ratio of 22.79 and a beta of 0.50.

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.