Apollon Wealth Management LLC Increases Stock Position in Fidelity MSCI Utilities Index ETF $FUTY

Apollon Wealth Management LLC boosted its holdings in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 8.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 141,953 shares of the company’s stock after purchasing an additional 10,770 shares during the period. Apollon Wealth Management LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $8,385,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Realta Investment Advisors purchased a new position in shares of Fidelity MSCI Utilities Index ETF in the 1st quarter valued at approximately $305,000. Maltin Wealth Management Inc. raised its holdings in Fidelity MSCI Utilities Index ETF by 25.6% during the first quarter. Maltin Wealth Management Inc. now owns 71,207 shares of the company’s stock worth $4,206,000 after purchasing an additional 14,498 shares in the last quarter. Grey Ledge Advisors LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 1.4% during the 1st quarter. Grey Ledge Advisors LLC now owns 55,846 shares of the company’s stock worth $3,299,000 after buying an additional 758 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in Fidelity MSCI Utilities Index ETF by 5.5% in the first quarter. Kestra Private Wealth Services LLC now owns 4,707 shares of the company’s stock worth $278,000 after acquiring an additional 245 shares in the last quarter. Finally, Global Financial Private Client LLC increased its holdings in shares of Fidelity MSCI Utilities Index ETF by 1.9% in the 1st quarter. Global Financial Private Client LLC now owns 11,180 shares of the company’s stock valued at $660,000 after purchasing an additional 209 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Price Performance

NYSEARCA FUTY opened at $59.27 on Tuesday. The business has a 50 day moving average price of $58.12 and a 200 day moving average price of $57.88. The company has a market capitalization of $2.41 billion, a P/E ratio of 20.34 and a beta of 0.60. Fidelity MSCI Utilities Index ETF has a 1-year low of $51.82 and a 1-year high of $61.51.

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.