Janney Montgomery Scott LLC Invests $996,000 in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Janney Montgomery Scott LLC purchased a new position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,227 shares of the company’s stock, valued at approximately $996,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. CWM LLC lifted its stake in Fidelity MSCI Utilities Index ETF by 66.1% in the 2nd quarter. CWM LLC now owns 1,146 shares of the company’s stock worth $50,000 after acquiring an additional 456 shares in the last quarter. American National Bank lifted its position in shares of Fidelity MSCI Utilities Index ETF by 27.8% during the 2nd quarter. American National Bank now owns 1,616 shares of the company’s stock worth $71,000 after buying an additional 352 shares during the period. Gradient Investments LLC raised its position in Fidelity MSCI Utilities Index ETF by 25,520.0% in the 2nd quarter. Gradient Investments LLC now owns 2,562 shares of the company’s stock valued at $113,000 after purchasing an additional 2,552 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at $200,000. Finally, Cetera Advisors LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the first quarter worth $209,000.

Fidelity MSCI Utilities Index ETF Stock Up 1.5 %

Shares of Fidelity MSCI Utilities Index ETF stock opened at $50.99 on Friday. Fidelity MSCI Utilities Index ETF has a 12 month low of $38.17 and a 12 month high of $52.94. The business has a fifty day simple moving average of $51.10 and a 200 day simple moving average of $47.88. The stock has a market cap of $1.35 billion, a PE ratio of 22.79 and a beta of 0.50.

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.