Fidelity MSCI Utilities Index ETF $FUTY Stock: Beaumont Financial Advisors LLC Trims Position

Beaumont Financial Advisors LLC reduced its position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) by 51.6% in the third quarter, Holdings Channel reports. The firm owned 25,388 shares of the company’s stock after selling 27,016 shares during the period. Beaumont Financial Advisors LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $1,296,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FUTY. Bank of America Corp DE boosted its stake in shares of Fidelity MSCI Utilities Index ETF by 0.9% during the 1st quarter. Bank of America Corp DE now owns 9,170,828 shares of the company’s stock valued at $541,721,000 after purchasing an additional 77,710 shares in the last quarter. Kestra Advisory Services LLC lifted its position in Fidelity MSCI Utilities Index ETF by 13.7% in the first quarter. Kestra Advisory Services LLC now owns 552,635 shares of the company’s stock worth $32,644,000 after buying an additional 66,524 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Fidelity MSCI Utilities Index ETF by 21.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 419,958 shares of the company’s stock valued at $24,534,000 after buying an additional 73,449 shares during the period. Cetera Investment Advisers grew its holdings in Fidelity MSCI Utilities Index ETF by 29.9% during the 1st quarter. Cetera Investment Advisers now owns 250,627 shares of the company’s stock worth $14,805,000 after acquiring an additional 57,657 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Utilities Index ETF by 8.2% during the 1st quarter. Apollon Wealth Management LLC now owns 141,953 shares of the company’s stock valued at $8,385,000 after purchasing an additional 10,770 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Trading Down 0.7%

FUTY opened at $54.88 on Friday. The firm has a 50 day moving average of $54.04 and a two-hundred day moving average of $56.76. The firm has a market capitalization of $2.08 billion, a PE ratio of 20.34 and a beta of 0.57. Fidelity MSCI Utilities Index ETF has a 12-month low of $50.53 and a 12-month high of $61.51.

About Fidelity MSCI Utilities Index ETF

(Free Report)

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.

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