Everstar Asset Management LLC decreased its position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) by 16.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,100 shares of the company’s stock after selling 1,200 shares during the quarter. Everstar Asset Management LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $297,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF in the fourth quarter valued at about $27,000. Wilmington Savings Fund Society FSB bought a new stake in Fidelity MSCI Utilities Index ETF during the 3rd quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new position in Fidelity MSCI Utilities Index ETF in the 4th quarter worth approximately $37,000. BNP Paribas Financial Markets purchased a new position in Fidelity MSCI Utilities Index ETF in the 3rd quarter worth approximately $56,000. Finally, Tradewinds Capital Management LLC bought a new position in Fidelity MSCI Utilities Index ETF in the 4th quarter worth approximately $60,000.
Fidelity MSCI Utilities Index ETF Price Performance
Fidelity MSCI Utilities Index ETF stock opened at $50.39 on Monday. Fidelity MSCI Utilities Index ETF has a 1 year low of $40.34 and a 1 year high of $53.65. The firm’s 50 day moving average price is $50.63 and its 200-day moving average price is $50.71. The stock has a market cap of $1.66 billion, a P/E ratio of 20.26 and a beta of 0.62.
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.
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