Beaumont Financial Advisors LLC Grows Holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Beaumont Financial Advisors LLC grew its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 133.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,992 shares of the company’s stock after purchasing an additional 33,119 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $2,370,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. grew its stake in Fidelity MSCI Utilities Index ETF by 68.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,956 shares of the company’s stock worth $477,000 after acquiring an additional 4,044 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF in the first quarter valued at approximately $750,000. NewEdge Advisors LLC grew its stake in Fidelity MSCI Utilities Index ETF by 195.5% in the first quarter. NewEdge Advisors LLC now owns 80,972 shares of the company’s stock worth $3,880,000 after purchasing an additional 53,568 shares in the last quarter. Mariner LLC raised its holdings in shares of Fidelity MSCI Utilities Index ETF by 8.4% in the first quarter. Mariner LLC now owns 31,123 shares of the company’s stock valued at $1,491,000 after acquiring an additional 2,423 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC lifted its stake in Fidelity MSCI Utilities Index ETF by 14.0% in the first quarter. Jaffetilchin Investment Partners LLC now owns 17,641 shares of the company’s stock worth $800,000 after acquiring an additional 2,163 shares during the period.

Fidelity MSCI Utilities Index ETF Stock Up 1.5 %

Shares of NYSEARCA FUTY traded up $0.63 during midday trading on Friday, reaching $42.13. 64,451 shares of the company’s stock traded hands, compared to its average volume of 286,117. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 21.47 and a beta of 0.55. The stock’s 50 day simple moving average is $40.83 and its 200-day simple moving average is $39.98. Fidelity MSCI Utilities Index ETF has a one year low of $35.32 and a one year high of $45.31.

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.