Stableford Capital II LLC Sells 254 Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Stableford Capital II LLC lowered its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,963 shares of the company’s stock after selling 254 shares during the period. Stableford Capital II LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $437,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of Fidelity MSCI Utilities Index ETF in the 3rd quarter valued at approximately $28,000. Sound Income Strategies LLC purchased a new position in Fidelity MSCI Utilities Index ETF during the fourth quarter valued at $27,000. BNP Paribas Financial Markets bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the 3rd quarter valued at $56,000. Glen Eagle Advisors LLC grew its position in shares of Fidelity MSCI Utilities Index ETF by 21.4% in the 3rd quarter. Glen Eagle Advisors LLC now owns 1,604 shares of the company’s stock worth $83,000 after buying an additional 283 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Fidelity MSCI Utilities Index ETF by 45.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,143 shares of the company’s stock worth $163,000 after acquiring an additional 975 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Price Performance

NYSEARCA:FUTY opened at $50.17 on Friday. The firm has a market capitalization of $1.33 billion, a P/E ratio of 22.79 and a beta of 0.50. Fidelity MSCI Utilities Index ETF has a one year low of $38.17 and a one year high of $53.65. The company’s 50-day simple moving average is $50.15 and its 200 day simple moving average is $49.83.

Fidelity MSCI Utilities Index ETF Company 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.