Monumental Financial Group Inc. Sells 13,022 Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Monumental Financial Group Inc. reduced its holdings in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 16.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,357 shares of the company’s stock after selling 13,022 shares during the quarter. Fidelity MSCI Utilities Index ETF accounts for about 1.6% of Monumental Financial Group Inc.’s holdings, making the stock its 14th biggest position. Monumental Financial Group Inc. owned approximately 0.15% of Fidelity MSCI Utilities Index ETF worth $2,670,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 8.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 300,073 shares of the company’s stock valued at $11,379,000 after buying an additional 22,793 shares during the last quarter. LPL Financial LLC boosted its holdings in Fidelity MSCI Utilities Index ETF by 13.1% during the third quarter. LPL Financial LLC now owns 274,438 shares of the company’s stock worth $10,407,000 after purchasing an additional 31,755 shares during the last quarter. Brookstone Capital Management boosted its holdings in Fidelity MSCI Utilities Index ETF by 42.5% during the third quarter. Brookstone Capital Management now owns 142,630 shares of the company’s stock worth $5,374,000 after purchasing an additional 42,531 shares during the last quarter. IFG Advisory LLC boosted its holdings in Fidelity MSCI Utilities Index ETF by 6.1% during the fourth quarter. IFG Advisory LLC now owns 127,370 shares of the company’s stock worth $5,204,000 after purchasing an additional 7,370 shares during the last quarter. Finally, Estate Counselors LLC boosted its holdings in Fidelity MSCI Utilities Index ETF by 148.2% during the fourth quarter. Estate Counselors LLC now owns 101,530 shares of the company’s stock worth $4,149,000 after purchasing an additional 60,620 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Stock Down 1.1 %

Fidelity MSCI Utilities Index ETF stock traded down $0.47 during midday trading on Friday, hitting $42.69. 86,807 shares of the stock were exchanged, compared to its average volume of 277,545. Fidelity MSCI Utilities Index ETF has a 52-week low of $35.32 and a 52-week high of $44.96. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 21.47 and a beta of 0.55. The business’s 50-day moving average price is $41.26 and its 200-day moving average price is $40.26.

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.