Smith Salley Wealth Management Has $657,000 Position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Smith Salley Wealth Management reduced its position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 4.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,474 shares of the company’s stock after selling 626 shares during the quarter. Smith Salley Wealth Management’s holdings in Fidelity MSCI Utilities Index ETF were worth $657,000 at the end of the most recent reporting period.

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

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of NYSEARCA:FUTY opened at $50.74 on Monday. Fidelity MSCI Utilities Index ETF has a 52-week low of $38.17 and a 52-week high of $53.65. The business’s 50 day simple moving average is $50.34 and its two-hundred day simple moving average is $49.50. The firm has a market cap of $1.34 billion, a P/E ratio of 22.79 and a beta of 0.50.

Fidelity MSCI Utilities Index ETF 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.