Dynamic Advisor Solutions LLC Sells 1,190 Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Dynamic Advisor Solutions LLC decreased its position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 2.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 43,955 shares of the company’s stock after selling 1,190 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $2,240,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Ballew Advisors Inc grew its stake in shares of Fidelity MSCI Utilities Index ETF by 20.3% in the 1st quarter. Ballew Advisors Inc now owns 7,151 shares of the company’s stock valued at $353,000 after buying an additional 1,205 shares in the last quarter. Axecap Investments LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the 1st quarter valued at approximately $699,000. CX Institutional bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the 1st quarter valued at approximately $188,000. Tounjian Advisory Partners LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the 1st quarter valued at approximately $609,000. Finally, Maltin Wealth Management Inc. grew its stake in shares of Fidelity MSCI Utilities Index ETF by 7.2% in the 1st quarter. Maltin Wealth Management Inc. now owns 44,591 shares of the company’s stock valued at $2,272,000 after buying an additional 3,013 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Stock Performance

FUTY opened at $52.25 on Tuesday. The business has a 50 day moving average price of $51.46 and a 200 day moving average price of $50.61. Fidelity MSCI Utilities Index ETF has a twelve month low of $43.62 and a twelve month high of $53.65. The firm has a market cap of $1.81 billion, a P/E ratio of 20.47 and a beta of 0.60.

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.