Benchmark Financial Wealth Advisors LLC Makes New Investment in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Benchmark Financial Wealth Advisors LLC purchased a new stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTYFree Report) in the fourth quarter, HoldingsChannel reports. The firm purchased 43,433 shares of the company’s stock, valued at approximately $1,775,000. Fidelity MSCI Utilities Index ETF accounts for approximately 0.8% of Benchmark Financial Wealth Advisors LLC’s investment portfolio, making the stock its 21st biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of FUTY. CWM LLC bought a new position in Fidelity MSCI Utilities Index ETF in the 3rd quarter valued at $26,000. Qube Research & Technologies Ltd increased its position in Fidelity MSCI Utilities Index ETF by 334.9% in the third quarter. Qube Research & Technologies Ltd now owns 1,209 shares of the company’s stock worth $46,000 after purchasing an additional 931 shares during the period. Global Wealth Management Investment Advisory Inc. raised its holdings in Fidelity MSCI Utilities Index ETF by 56.4% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 1,250 shares of the company’s stock worth $60,000 after purchasing an additional 451 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in Fidelity MSCI Utilities Index ETF during the 3rd quarter worth about $90,000. Finally, Comerica Bank acquired a new position in Fidelity MSCI Utilities Index ETF during the 3rd quarter valued at about $122,000.

Fidelity MSCI Utilities Index ETF Trading Up 0.1 %

Shares of NYSEARCA:FUTY traded up $0.05 during trading on Tuesday, hitting $42.22. 80,681 shares of the company’s stock were exchanged, compared to its average volume of 322,854. The firm has a market cap of $1.86 billion, a P/E ratio of 24.22 and a beta of 0.54. The firm has a 50-day moving average price of $40.19 and a two-hundred day moving average price of $39.83. Fidelity MSCI Utilities Index ETF has a 1-year low of $35.32 and a 1-year high of $45.38.

Fidelity MSCI Utilities Index ETF Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

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