Sigma Planning Corp Buys 4,614 Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Sigma Planning Corp raised its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 23.8% in the third quarter, Holdings Channel reports. The institutional investor owned 23,978 shares of the company’s stock after buying an additional 4,614 shares during the quarter. Sigma Planning Corp’s holdings in Fidelity MSCI Utilities Index ETF were worth $1,243,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. AE Wealth Management LLC raised its position in shares of Fidelity MSCI Utilities Index ETF by 2.5% in the 2nd quarter. AE Wealth Management LLC now owns 547,567 shares of the company’s stock worth $24,071,000 after purchasing an additional 13,515 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Fidelity MSCI Utilities Index ETF by 17.2% in the first quarter. Osaic Holdings Inc. now owns 264,672 shares of the company’s stock worth $11,234,000 after buying an additional 38,867 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Fidelity MSCI Utilities Index ETF by 5.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 226,878 shares of the company’s stock worth $9,974,000 after buying an additional 11,819 shares in the last quarter. Brookstone Capital Management grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 2.6% during the third quarter. Brookstone Capital Management now owns 164,548 shares of the company’s stock valued at $8,527,000 after buying an additional 4,100 shares during the last quarter. Finally, IFG Advisory LLC increased its position in shares of Fidelity MSCI Utilities Index ETF by 2.7% during the second quarter. IFG Advisory LLC now owns 134,890 shares of the company’s stock valued at $5,930,000 after acquiring an additional 3,585 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Trading Down 1.1 %

FUTY stock opened at $50.56 on Wednesday. The stock has a market capitalization of $1.34 billion, a PE ratio of 22.79 and a beta of 0.50. Fidelity MSCI Utilities Index ETF has a 12-month low of $38.14 and a 12-month high of $52.94. The stock’s 50 day simple moving average is $51.02 and its 200 day simple moving average is $47.79.

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.