Beaumont Financial Advisors LLC Raises Stock 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 14.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,831 shares of the company’s stock after buying an additional 7,854 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $2,967,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in FUTY. FLC Capital Advisors grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 2.5% in the third quarter. FLC Capital Advisors now owns 8,128 shares of the company’s stock worth $421,000 after purchasing an additional 200 shares during the last quarter. Ellis Investment Partners LLC grew its holdings in Fidelity MSCI Utilities Index ETF by 3.2% in the 3rd quarter. Ellis Investment Partners LLC now owns 7,213 shares of the company’s stock worth $374,000 after acquiring an additional 222 shares during the last quarter. Trail Ridge Investment Advisors LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 2.3% during the third quarter. Trail Ridge Investment Advisors LLC now owns 10,357 shares of the company’s stock valued at $545,000 after acquiring an additional 233 shares during the last quarter. Glen Eagle Advisors LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 21.4% during the third quarter. Glen Eagle Advisors LLC now owns 1,604 shares of the company’s stock valued at $83,000 after acquiring an additional 283 shares during the last quarter. Finally, Maltin Wealth Management Inc. grew its stake in shares of Fidelity MSCI Utilities Index ETF by 0.8% in the fourth quarter. Maltin Wealth Management Inc. now owns 41,578 shares of the company’s stock worth $2,028,000 after purchasing an additional 331 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Stock Up 1.6 %

Shares of FUTY stock opened at $51.53 on Wednesday. The stock has a fifty day moving average of $50.35 and a 200 day moving average of $49.60. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50. Fidelity MSCI Utilities Index ETF has a 52 week low of $38.17 and a 52 week high of $53.65.

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.