Galvin Gaustad & Stein LLC Sells 650 Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Galvin Gaustad & Stein LLC lessened its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,425 shares of the company’s stock after selling 650 shares during the period. Galvin Gaustad & Stein LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $606,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in Fidelity MSCI Utilities Index ETF during the 3rd quarter valued at approximately $28,000. BNP Paribas Financial Markets bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the 3rd quarter worth $56,000. Glen Eagle Advisors LLC increased its holdings 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 purchasing an additional 283 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 975 shares in the last quarter. Finally, Penobscot Wealth Management bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the 3rd quarter worth $220,000.

Fidelity MSCI Utilities Index ETF Trading Up 0.4 %

Fidelity MSCI Utilities Index ETF stock opened at $50.60 on Thursday. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50. The stock has a fifty day simple moving average of $50.35 and a two-hundred day simple moving average of $49.61. 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.