Demars Financial Group LLC Buys 532,891 Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Demars Financial Group LLC lifted its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 4,647.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 544,358 shares of the company’s stock after acquiring an additional 532,891 shares during the quarter. Demars Financial Group LLC owned approximately 2.06% of Fidelity MSCI Utilities Index ETF worth $26,548,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FUTY. Wilmington Savings Fund Society FSB purchased a new position in Fidelity MSCI Utilities Index ETF during the 3rd quarter valued at about $28,000. Sound Income Strategies LLC bought a new position in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter valued at approximately $27,000. Rialto Wealth Management LLC bought a new position in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter valued at approximately $37,000. BNP Paribas Financial Markets purchased a new position in Fidelity MSCI Utilities Index ETF during the third quarter valued at approximately $56,000. Finally, Tradewinds Capital Management LLC bought a new position in Fidelity MSCI Utilities Index ETF in the fourth quarter worth approximately $60,000.

Fidelity MSCI Utilities Index ETF Stock Down 0.7 %

Fidelity MSCI Utilities Index ETF stock opened at $49.85 on Thursday. Fidelity MSCI Utilities Index ETF has a twelve month low of $40.67 and a twelve month high of $53.65. The business has a fifty day moving average of $50.34 and a two-hundred day moving average of $50.56. The firm has a market cap of $1.66 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.