Atlas Capital Advisors Inc. Purchases Shares of 22,910 Fidelity MSCI Utilities Index ETF $FUTY

Atlas Capital Advisors Inc. purchased a new stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) in the 4th quarter, Holdings Channel reports. The fund purchased 22,910 shares of the company’s stock, valued at approximately $1,265,000.

Several other hedge funds have also added to or reduced their stakes in FUTY. Northwestern Mutual Wealth Management Co. lifted its holdings in Fidelity MSCI Utilities Index ETF by 1,161.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 643,682 shares of the company’s stock valued at $35,544,000 after purchasing an additional 592,663 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in Fidelity MSCI Utilities Index ETF by 1,318.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 472,118 shares of the company’s stock worth $24,833,000 after buying an additional 438,842 shares during the period. AE Wealth Management LLC increased its position in Fidelity MSCI Utilities Index ETF by 31.6% during the 4th quarter. AE Wealth Management LLC now owns 1,371,364 shares of the company’s stock worth $75,727,000 after buying an additional 329,549 shares during the period. Bank of America Corp DE increased its position in Fidelity MSCI Utilities Index ETF by 3.3% during the 3rd quarter. Bank of America Corp DE now owns 9,084,792 shares of the company’s stock worth $513,018,000 after buying an additional 289,161 shares during the period. Finally, Retirement Management Systems Inc. bought a new position in Fidelity MSCI Utilities Index ETF during the 4th quarter worth $7,033,000.

Fidelity MSCI Utilities Index ETF Price Performance

FUTY stock opened at $57.54 on Monday. Fidelity MSCI Utilities Index ETF has a fifty-two week low of $51.50 and a fifty-two week high of $61.51. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 20.34 and a beta of 0.60. The business’s fifty day moving average price is $58.48 and its two-hundred day moving average price is $57.78.

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.