Primoris Wealth Advisors LLC Has $2.41 Million Stock Holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Primoris Wealth Advisors LLC decreased its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 13.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,375 shares of the company’s stock after selling 7,500 shares during the quarter. Fidelity MSCI Utilities Index ETF makes up about 1.8% of Primoris Wealth Advisors LLC’s holdings, making the stock its 17th biggest position. Primoris Wealth Advisors LLC owned approximately 0.19% of Fidelity MSCI Utilities Index ETF worth $2,408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Rockefeller Capital Management L.P. raised its holdings in shares of Fidelity MSCI Utilities Index ETF by 19.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 18,865 shares of the company’s stock worth $920,000 after acquiring an additional 3,111 shares in the last quarter. KDK Private Wealth Management LLC purchased a new position in Fidelity MSCI Utilities Index ETF in the fourth quarter valued at about $294,000. Glass Jacobson Investment Advisors llc increased its position in Fidelity MSCI Utilities Index ETF by 4.1% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 12,639 shares of the company’s stock worth $616,000 after purchasing an additional 500 shares during the last quarter. Jaffetilchin Investment Partners LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 10.9% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 23,809 shares of the company’s stock worth $1,161,000 after purchasing an additional 2,331 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the 4th quarter valued at about $2,975,000.

Fidelity MSCI Utilities Index ETF Stock Performance

NYSEARCA:FUTY opened at $49.37 on Friday. The stock’s 50 day moving average price is $50.36 and its 200 day moving average price is $50.58. Fidelity MSCI Utilities Index ETF has a 52 week low of $40.34 and a 52 week high of $53.65. The company has a market capitalization of $1.64 billion, a P/E ratio of 20.31 and a beta of 0.57.

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.