Cedar Wealth Management LLC Sells 572 Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Cedar Wealth Management LLC lowered its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,546 shares of the company’s stock after selling 572 shares during the period. Fidelity MSCI Utilities Index ETF accounts for 0.6% of Cedar Wealth Management LLC’s holdings, making the stock its 24th largest holding. Cedar Wealth Management LLC owned approximately 0.15% of Fidelity MSCI Utilities Index ETF worth $2,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Fidelity MSCI Utilities Index ETF Price Performance

Shares of FUTY opened at $51.74 on Wednesday. The business has a 50-day moving average of $51.18 and a 200-day moving average of $48.05. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50. Fidelity MSCI Utilities Index ETF has a 1 year low of $38.17 and a 1 year high of $52.94.

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.