Pathway Financial Advisers LLC Reduces Stock Holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Pathway Financial Advisers LLC lowered its holdings in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 21.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,933 shares of the company’s stock after selling 1,310 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Sweeney & Michel LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 362.6% in the third quarter. Sweeney & Michel LLC now owns 76,080 shares of the company’s stock worth $3,996,000 after buying an additional 59,633 shares during the period. Smith Shellnut Wilson LLC ADV lifted its holdings in Fidelity MSCI Utilities Index ETF by 669.5% during the second quarter. Smith Shellnut Wilson LLC ADV now owns 45,578 shares of the company’s stock valued at $2,004,000 after purchasing an additional 39,655 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Fidelity MSCI Utilities Index ETF by 17.2% during the first quarter. Osaic Holdings Inc. now owns 264,672 shares of the company’s stock valued at $11,234,000 after purchasing an additional 38,867 shares in the last quarter. HBW Advisory Services LLC bought a new position in shares of Fidelity MSCI Utilities Index ETF in the second quarter worth approximately $1,570,000. Finally, Cedar Wealth Management LLC increased its stake in shares of Fidelity MSCI Utilities Index ETF by 114.2% in the second quarter. Cedar Wealth Management LLC now owns 40,118 shares of the company’s stock worth $1,764,000 after purchasing an additional 21,387 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Price Performance

Shares of FUTY stock opened at $51.54 on Friday. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50. The company’s fifty day moving average price is $50.55 and its 200-day moving average price is $47.02. Fidelity MSCI Utilities Index ETF has a one year low of $37.52 and a one 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.