Q3 Asset Management Sells 319,065 Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Q3 Asset Management lessened its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 98.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,458 shares of the company’s stock after selling 319,065 shares during the quarter. Q3 Asset Management’s holdings in Fidelity MSCI Utilities Index ETF were worth $217,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Yoder Wealth Management Inc. boosted its stake in Fidelity MSCI Utilities Index ETF by 7.0% in 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 bought a new position in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter worth about $580,000. Southern Capital Advisors LLC acquired a new stake in Fidelity MSCI Utilities Index ETF in the 4th quarter valued at approximately $2,081,000. VCI Wealth Management LLC lifted its stake in Fidelity MSCI Utilities Index ETF by 11.6% in the 4th quarter. VCI Wealth Management LLC now owns 8,547 shares of the company’s stock valued at $417,000 after acquiring an additional 891 shares in the last quarter. Finally, GSB Wealth Management LLC boosted its position 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 worth $2,519,000 after acquiring an additional 424 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Stock Down 0.6 %

NYSEARCA FUTY opened at $50.17 on Friday. The firm’s 50 day moving average is $50.15 and its 200-day moving average is $49.86. 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 12-month low of $38.17 and a 12-month high of $53.65.

Fidelity MSCI Utilities Index ETF Profile

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.