Primoris Wealth Advisors LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 56,875 shares of the company’s stock, valued at approximately $2,942,000. Fidelity MSCI Utilities Index ETF makes up 2.1% of Primoris Wealth Advisors LLC’s investment portfolio, making the stock its 14th biggest holding.
Other large investors have also recently bought and sold shares of the company. Sweeney & Michel LLC raised its stake in Fidelity MSCI Utilities Index ETF by 362.6% in the 3rd quarter. Sweeney & Michel LLC now owns 76,080 shares of the company’s stock valued at $3,996,000 after purchasing an additional 59,633 shares during the last quarter. Smith Shellnut Wilson LLC ADV boosted its holdings in Fidelity MSCI Utilities Index ETF by 669.5% during the 2nd quarter. Smith Shellnut Wilson LLC ADV now owns 45,578 shares of the company’s stock valued at $2,004,000 after acquiring an additional 39,655 shares during the period. Osaic Holdings Inc. increased its position in shares of Fidelity MSCI Utilities Index ETF by 17.2% during the first quarter. Osaic Holdings Inc. now owns 264,672 shares of the company’s stock worth $11,234,000 after acquiring an additional 38,867 shares during the period. HBW Advisory Services LLC acquired a new position in Fidelity MSCI Utilities Index ETF during the 2nd quarter worth approximately $1,570,000. Finally, GSB Wealth Management LLC increased its holdings in shares of Fidelity MSCI Utilities Index ETF by 228.2% in the 3rd quarter. GSB Wealth Management LLC now owns 51,235 shares of the company’s stock valued at $2,655,000 after acquiring an additional 35,623 shares during the last quarter.
Fidelity MSCI Utilities Index ETF Trading Up 1.8 %
FUTY stock traded up $0.90 on Friday, hitting $50.93. The company’s stock had a trading volume of 269,840 shares, compared to its average volume of 241,751. The firm has a 50 day moving average of $50.95 and a two-hundred day moving average of $47.61. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 22.79 and a beta of 0.50. Fidelity MSCI Utilities Index ETF has a 1 year low of $38.14 and a 1 year high of $52.94.
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.
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