Primoris Wealth Advisors LLC Invests $2.94 Million in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Primoris Wealth Advisors LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) 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.