BNP Paribas Financial Markets Buys 50,000 Shares of Fidelity MSCI Utilities Index ETF $FUTY

BNP Paribas Financial Markets grew its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 50.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 150,000 shares of the company’s stock after purchasing an additional 50,000 shares during the period. BNP Paribas Financial Markets owned approximately 0.38% of Fidelity MSCI Utilities Index ETF worth $8,283,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FUTY. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity MSCI Utilities Index ETF by 1,161.7% in 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 lifted its stake in shares of 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 acquiring an additional 438,842 shares during the last quarter. AE Wealth Management LLC lifted its stake in shares of 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 acquiring an additional 329,549 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of 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 acquiring an additional 289,161 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Fidelity MSCI Utilities Index ETF by 115.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 100,401 shares of the company’s stock worth $5,544,000 after acquiring an additional 53,798 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of FUTY stock opened at $56.86 on Wednesday. Fidelity MSCI Utilities Index ETF has a 52-week low of $51.50 and a 52-week high of $61.51. The firm has a market capitalization of $2.31 billion, a P/E ratio of 20.34 and a beta of 0.60. The stock has a 50 day moving average price of $58.61 and a 200 day moving average price of $57.78.

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.