Mascoma Wealth Management LLC Has $492,000 Position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Mascoma Wealth Management LLC lifted its position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 46.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,490 shares of the company’s stock after buying an additional 3,003 shares during the period. Mascoma Wealth Management LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $492,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC boosted its position in Fidelity MSCI Utilities Index ETF by 66.1% during the second quarter. CWM LLC now owns 1,146 shares of the company’s stock valued at $50,000 after purchasing an additional 456 shares during the last quarter. American National Bank boosted its position in Fidelity MSCI Utilities Index ETF by 27.8% during the second quarter. American National Bank now owns 1,616 shares of the company’s stock valued at $71,000 after purchasing an additional 352 shares during the last quarter. Gradient Investments LLC boosted its position in Fidelity MSCI Utilities Index ETF by 25,520.0% during the second quarter. Gradient Investments LLC now owns 2,562 shares of the company’s stock valued at $113,000 after purchasing an additional 2,552 shares during the last quarter. Rogco LP acquired a new position in Fidelity MSCI Utilities Index ETF during the first quarter valued at approximately $157,000. Finally, Penobscot Wealth Management acquired a new position in Fidelity MSCI Utilities Index ETF during the third quarter valued at approximately $220,000.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of NYSEARCA FUTY opened at $51.14 on Tuesday. The stock has a 50 day moving average price of $50.99 and a 200 day moving average price of $47.73. Fidelity MSCI Utilities Index ETF has a 52 week low of $38.14 and a 52 week high of $52.94. The stock has a market capitalization of $1.35 billion, a PE ratio of 22.79 and a beta of 0.50.

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.