Brookstone Capital Management Sells 67,974 Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Brookstone Capital Management decreased its stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 41.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 96,574 shares of the company’s stock after selling 67,974 shares during the period. Brookstone Capital Management’s holdings in Fidelity MSCI Utilities Index ETF were worth $4,710,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FLC Capital Advisors boosted its holdings in Fidelity MSCI Utilities Index ETF by 2.5% in the third quarter. FLC Capital Advisors now owns 8,128 shares of the company’s stock valued at $421,000 after acquiring an additional 200 shares during the last quarter. Ellis Investment Partners LLC boosted its stake in shares of Fidelity MSCI Utilities Index ETF by 3.2% in the 3rd quarter. Ellis Investment Partners LLC now owns 7,213 shares of the company’s stock valued at $374,000 after purchasing an additional 222 shares during the last quarter. Trail Ridge Investment Advisors LLC grew its position in shares of Fidelity MSCI Utilities Index ETF by 2.3% during the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 10,357 shares of the company’s stock worth $545,000 after buying an additional 233 shares during the period. Glen Eagle Advisors LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 21.4% during the third quarter. Glen Eagle Advisors LLC now owns 1,604 shares of the company’s stock worth $83,000 after buying an additional 283 shares during the last quarter. Finally, Beam Wealth Advisors Inc. lifted its holdings in Fidelity MSCI Utilities Index ETF by 2.1% in the third quarter. Beam Wealth Advisors Inc. now owns 18,452 shares of the company’s stock valued at $956,000 after buying an additional 374 shares during the period.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of FUTY stock opened at $48.73 on Wednesday. The firm’s 50 day moving average price is $50.37 and its two-hundred day moving average price is $49.33. The stock has a market cap of $1.29 billion, a PE ratio of 22.79 and a beta of 0.50. Fidelity MSCI Utilities Index ETF has a 52-week low of $38.17 and a 52-week high of $53.65.

Fidelity MSCI Utilities Index ETF Company 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.