Valmark Advisers Inc. Increases Stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Valmark Advisers Inc. lifted its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,738 shares of the company’s stock after buying an additional 2,511 shares during the quarter. Valmark Advisers Inc. owned about 0.16% of Fidelity MSCI Utilities Index ETF worth $2,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Benchmark Financial Wealth Advisors LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter worth about $1,775,000. B.O.S.S. Retirement Advisors LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter worth about $345,000. Callan Capital LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter worth about $367,000. Nwam LLC increased its holdings in shares of Fidelity MSCI Utilities Index ETF by 9.0% in the 3rd quarter. Nwam LLC now owns 38,088 shares of the company’s stock worth $1,444,000 after buying an additional 3,156 shares during the last quarter. Finally, Galvin Gaustad & Stein LLC increased its holdings in shares of Fidelity MSCI Utilities Index ETF by 437.1% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 32,792 shares of the company’s stock worth $1,340,000 after buying an additional 26,687 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Stock Down 1.1 %

NYSEARCA:FUTY traded down $0.47 during mid-day trading on Friday, hitting $42.69. 86,807 shares of the stock traded hands, compared to its average volume of 277,545. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 21.47 and a beta of 0.55. Fidelity MSCI Utilities Index ETF has a 52 week low of $35.32 and a 52 week high of $44.96. The firm’s 50 day moving average is $41.26 and its two-hundred day moving average is $40.24.

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.