Harbour Investments Inc. Boosts Stock Position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Harbour Investments Inc. increased its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 6.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,993 shares of the company’s stock after buying an additional 1,053 shares during the period. Harbour Investments Inc.’s holdings in Fidelity MSCI Utilities Index ETF were worth $829,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in FUTY. HighTower Advisors LLC lifted its position in Fidelity MSCI Utilities Index ETF by 4.3% in the 4th quarter. HighTower Advisors LLC now owns 217,756 shares of the company’s stock valued at $10,620,000 after acquiring an additional 9,036 shares in the last quarter. Apollon Wealth Management LLC bought a new position in Fidelity MSCI Utilities Index ETF in the 4th quarter valued at approximately $5,073,000. Valmark Advisers Inc. lifted its position in Fidelity MSCI Utilities Index ETF by 1.6% in the 4th quarter. Valmark Advisers Inc. now owns 87,594 shares of the company’s stock valued at $4,272,000 after acquiring an additional 1,357 shares in the last quarter. AGF Management Ltd. lifted its position in Fidelity MSCI Utilities Index ETF by 18.0% in the 4th quarter. AGF Management Ltd. now owns 80,284 shares of the company’s stock valued at $3,915,000 after acquiring an additional 12,236 shares in the last quarter. Finally, Conrad Siegel Investment Advisors Inc. lifted its position in Fidelity MSCI Utilities Index ETF by 13.4% in the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 78,468 shares of the company’s stock valued at $3,827,000 after acquiring an additional 9,278 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Trading Up 0.3 %

FUTY stock opened at $51.02 on Thursday. The stock has a market capitalization of $1.68 billion, a PE ratio of 20.26 and a beta of 0.62. Fidelity MSCI Utilities Index ETF has a 12-month low of $40.34 and a 12-month high of $53.65. The stock’s 50 day simple moving average is $50.49 and its 200 day simple moving average is $50.65.

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.