Mesirow Financial Investment Management Inc. Purchases New Position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Mesirow Financial Investment Management Inc. purchased a new stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,214 shares of the company’s stock, valued at approximately $205,000.

A number of other institutional investors have also recently made changes to their positions in FUTY. Sound Income Strategies LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter valued at approximately $27,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the third quarter valued at approximately $28,000. BNP Paribas Financial Markets purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the third quarter valued at approximately $56,000. Tradewinds Capital Management LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter valued at approximately $60,000. Finally, Roxbury Financial LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter valued at approximately $74,000.

Fidelity MSCI Utilities Index ETF Price Performance

Shares of NYSEARCA:FUTY opened at $49.95 on Monday. Fidelity MSCI Utilities Index ETF has a 1 year low of $40.34 and a 1 year high of $53.65. The business has a 50 day simple moving average of $50.24 and a two-hundred day simple moving average of $50.56. The firm has a market capitalization of $1.64 billion, a PE ratio of 21.01 and a beta of 0.65.

About Fidelity MSCI Utilities Index ETF

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.