Park Avenue Securities LLC Raises Holdings in Fidelity MSCI Utilities Index ETF $FUTY

Park Avenue Securities LLC boosted its position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 376.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,384 shares of the company’s stock after purchasing an additional 13,738 shares during the quarter. Park Avenue Securities LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $960,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FUTY. Susquehanna International Group LLP grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 35.4% during the third quarter. Susquehanna International Group LLP now owns 56,725 shares of the company’s stock worth $3,203,000 after buying an additional 14,817 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of Fidelity MSCI Utilities Index ETF by 87.1% in the third quarter. Qube Research & Technologies Ltd now owns 5,221 shares of the company’s stock worth $295,000 after buying an additional 2,430 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity MSCI Utilities Index ETF by 521.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 51,019 shares of the company’s stock worth $2,881,000 after buying an additional 42,814 shares in the last quarter. Mariner LLC boosted its position in Fidelity MSCI Utilities Index ETF by 5.5% during the third quarter. Mariner LLC now owns 372,304 shares of the company’s stock worth $21,024,000 after acquiring an additional 19,265 shares during the last quarter. Finally, Maxele Advisors LLC acquired a new position in Fidelity MSCI Utilities Index ETF during the third quarter worth about $1,071,000.

Fidelity MSCI Utilities Index ETF Trading Up 0.2%

Shares of NYSEARCA FUTY opened at $58.47 on Friday. The stock has a market cap of $2.32 billion, a PE ratio of 20.34 and a beta of 0.61. Fidelity MSCI Utilities Index ETF has a 12-month low of $45.94 and a 12-month high of $61.51. The company has a 50-day moving average of $58.42 and a 200 day moving average of $57.26.

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.