Mascoma Wealth Management LLC Increases Stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Mascoma Wealth Management LLC grew its stake in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 39.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 13,397 shares of the company’s stock after buying an additional 3,804 shares during the quarter. Mascoma Wealth Management LLC’s holdings in Fidelity MSCI Utilities Index ETF were worth $683,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Jaffetilchin Investment Partners LLC raised its position in shares of Fidelity MSCI Utilities Index ETF by 0.9% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 24,025 shares of the company’s stock worth $1,224,000 after acquiring an additional 216 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Fidelity MSCI Utilities Index ETF by 4.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,052 shares of the company’s stock worth $393,000 after acquiring an additional 356 shares in the last quarter. Lynch & Associates IN raised its position in shares of Fidelity MSCI Utilities Index ETF by 2.8% during the 1st quarter. Lynch & Associates IN now owns 13,343 shares of the company’s stock worth $680,000 after acquiring an additional 369 shares in the last quarter. Glass Jacobson Investment Advisors llc raised its position in shares of Fidelity MSCI Utilities Index ETF by 4.1% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 12,639 shares of the company’s stock worth $616,000 after acquiring an additional 500 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC raised its position in shares of Fidelity MSCI Utilities Index ETF by 1.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 34,236 shares of the company’s stock worth $1,670,000 after acquiring an additional 524 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of NYSEARCA FUTY opened at $52.41 on Friday. Fidelity MSCI Utilities Index ETF has a fifty-two week low of $43.62 and a fifty-two week high of $53.65. The firm has a market capitalization of $1.82 billion, a PE ratio of 20.34 and a beta of 0.54. The stock’s 50-day simple moving average is $51.91 and its 200-day simple moving average is $50.66.

Fidelity MSCI Utilities Index ETF Company 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.