Southern Capital Advisors LLC Takes Position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Southern Capital Advisors LLC bought a new position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 42,670 shares of the company’s stock, valued at approximately $2,081,000. Fidelity MSCI Utilities Index ETF comprises 1.2% of Southern Capital Advisors LLC’s portfolio, making the stock its 22nd biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FLC Capital Advisors grew its position 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 valued at $421,000 after purchasing an additional 200 shares during the period. 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 valued at $374,000 after buying an additional 222 shares during the period. Trail Ridge Investment Advisors LLC increased its stake in shares of Fidelity MSCI Utilities Index ETF by 2.3% during the 3rd 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 lifted its holdings in shares of Fidelity MSCI Utilities Index ETF by 21.4% during the 3rd quarter. Glen Eagle Advisors LLC now owns 1,604 shares of the company’s stock worth $83,000 after acquiring an additional 283 shares during the period. Finally, Maltin Wealth Management Inc. boosted its position 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 acquiring an additional 331 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Stock Performance

Fidelity MSCI Utilities Index ETF stock opened at $50.48 on Friday. The company has a market cap of $1.34 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 $53.65. The firm has a 50 day moving average price of $50.19 and a 200 day moving average price of $49.79.

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.