Accel Wealth Management Has $322,000 Holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Accel Wealth Management cut its holdings in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 12.0% in the first quarter, Holdings Channel reports. The institutional investor owned 7,599 shares of the company’s stock after selling 1,033 shares during the quarter. Accel Wealth Management’s holdings in Fidelity MSCI Utilities Index ETF were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. BNP Paribas Financial Markets lifted its holdings in shares of Fidelity MSCI Utilities Index ETF by 185.4% during the fourth quarter. BNP Paribas Financial Markets now owns 428,452 shares of the company’s stock worth $17,507,000 after buying an additional 278,340 shares during the last quarter. Brookstone Capital Management raised its stake in shares of Fidelity MSCI Utilities Index ETF by 6.0% in the first quarter. Brookstone Capital Management now owns 147,336 shares of the company’s stock valued at $6,250,000 after purchasing an additional 8,295 shares in the last quarter. IFG Advisory LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 6.1% in the fourth quarter. IFG Advisory LLC now owns 127,370 shares of the company’s stock valued at $5,204,000 after purchasing an additional 7,370 shares in the last quarter. Estate Counselors LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 148.2% in the fourth quarter. Estate Counselors LLC now owns 101,530 shares of the company’s stock valued at $4,149,000 after purchasing an additional 60,620 shares in the last quarter. Finally, Richard C. Young & CO. LTD. acquired a new position in shares of Fidelity MSCI Utilities Index ETF in the fourth quarter valued at $3,382,000.

Fidelity MSCI Utilities Index ETF Price Performance

Fidelity MSCI Utilities Index ETF stock opened at $44.08 on Friday. The stock has a fifty day moving average price of $45.17 and a two-hundred day moving average price of $42.24. Fidelity MSCI Utilities Index ETF has a 52-week low of $35.32 and a 52-week high of $47.02. The firm has a market capitalization of $1.17 billion, a P/E ratio of 22.79 and a beta of 0.50.

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.