Kingswood Wealth Advisors LLC Reduces Stock Position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Kingswood Wealth Advisors LLC cut its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 41.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 65,178 shares of the company’s stock after selling 45,939 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $3,179,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FUTY. Sound Income Strategies LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the 4th quarter valued at $27,000. Wilmington Savings Fund Society FSB bought a new stake in Fidelity MSCI Utilities Index ETF during the third quarter valued at about $28,000. BNP Paribas Financial Markets purchased a new stake in Fidelity MSCI Utilities Index ETF in the third quarter worth about $56,000. Glen Eagle Advisors LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 21.4% in the third 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. lifted its position in shares of Fidelity MSCI Utilities Index ETF by 45.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,143 shares of the company’s stock valued at $163,000 after buying an additional 975 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Trading Up 0.9 %

Fidelity MSCI Utilities Index ETF stock opened at $51.09 on Monday. Fidelity MSCI Utilities Index ETF has a 12-month low of $38.17 and a 12-month high of $53.65. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50. The firm has a 50 day moving average of $50.36 and a 200 day moving average of $49.73.

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.