Arax Advisory Partners Takes Position in Fidelity MSCI Utilities Index ETF $FUTY

Arax Advisory Partners acquired a new stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 26,627 shares of the company’s stock, valued at approximately $1,470,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Rossby Financial LCC increased its stake in shares of Fidelity MSCI Utilities Index ETF by 4.9% in the third quarter. Rossby Financial LCC now owns 5,654 shares of the company’s stock worth $322,000 after buying an additional 266 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of Fidelity MSCI Utilities Index ETF by 7.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 4,462 shares of the company’s stock worth $246,000 after buying an additional 314 shares during the last quarter. Nova Wealth Management Inc. increased its stake in shares of Fidelity MSCI Utilities Index ETF by 8.3% in the fourth quarter. Nova Wealth Management Inc. now owns 4,180 shares of the company’s stock worth $231,000 after buying an additional 322 shares during the last quarter. Sovran Advisors LLC increased its stake in shares of Fidelity MSCI Utilities Index ETF by 4.7% in the fourth quarter. Sovran Advisors LLC now owns 7,797 shares of the company’s stock worth $442,000 after buying an additional 350 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its stake in shares of Fidelity MSCI Utilities Index ETF by 1.6% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 24,653 shares of the company’s stock worth $1,361,000 after buying an additional 382 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Trading Up 0.6%

Shares of NYSEARCA:FUTY opened at $57.88 on Tuesday. The company has a fifty day simple moving average of $58.45 and a 200 day simple moving average of $57.78. The firm has a market cap of $2.36 billion, a PE ratio of 20.34 and a beta of 0.60. Fidelity MSCI Utilities Index ETF has a 12-month low of $51.50 and a 12-month high of $61.51.

Fidelity MSCI Utilities Index ETF Company 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.