Cedar Wealth Management LLC Sells 572 Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Cedar Wealth Management LLC trimmed its position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,546 shares of the company’s stock after selling 572 shares during the period. Fidelity MSCI Utilities Index ETF accounts for approximately 0.6% of Cedar Wealth Management LLC’s portfolio, making the stock its 24th largest holding. Cedar Wealth Management LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $2,049,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. CWM LLC lifted its position in shares of Fidelity MSCI Utilities Index ETF by 66.1% during the 2nd quarter. CWM LLC now owns 1,146 shares of the company’s stock valued at $50,000 after buying an additional 456 shares during the last quarter. American National Bank increased its holdings in Fidelity MSCI Utilities Index ETF by 27.8% in the 2nd quarter. American National Bank now owns 1,616 shares of the company’s stock worth $71,000 after acquiring an additional 352 shares during the last quarter. Gradient Investments LLC raised its stake in Fidelity MSCI Utilities Index ETF by 25,520.0% in the 2nd quarter. Gradient Investments LLC now owns 2,562 shares of the company’s stock valued at $113,000 after acquiring an additional 2,552 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Fidelity MSCI Utilities Index ETF during the second quarter valued at about $200,000. Finally, Cetera Advisors LLC bought a new position in Fidelity MSCI Utilities Index ETF during the first quarter worth about $209,000.

Fidelity MSCI Utilities Index ETF Stock Up 0.6 %

NYSEARCA FUTY opened at $51.74 on Wednesday. The firm has a market cap of $1.37 billion, a P/E ratio of 22.79 and a beta of 0.50. The company’s 50 day moving average is $51.18 and its 200-day moving average is $48.05. Fidelity MSCI Utilities Index ETF has a 12-month low of $38.17 and a 12-month 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.