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

Mascoma Wealth Management LLC grew its holdings in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) by 46.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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.

A number of other hedge funds also recently made changes to their positions in the business. Sweeney & Michel LLC increased its stake in shares of Fidelity MSCI Utilities Index ETF by 362.6% during the third quarter. Sweeney & Michel LLC now owns 76,080 shares of the company’s stock worth $3,996,000 after purchasing an additional 59,633 shares during the period. Primoris Wealth Advisors LLC bought a new position in Fidelity MSCI Utilities Index ETF during the 3rd quarter worth $2,942,000. Smith Shellnut Wilson LLC ADV increased its stake in Fidelity MSCI Utilities Index ETF by 669.5% during the 2nd quarter. Smith Shellnut Wilson LLC ADV now owns 45,578 shares of the company’s stock worth $2,004,000 after acquiring an additional 39,655 shares during the period. Osaic Holdings Inc. increased its stake in Fidelity MSCI Utilities Index ETF by 17.2% during the 1st quarter. Osaic Holdings Inc. now owns 264,672 shares of the company’s stock worth $11,234,000 after acquiring an additional 38,867 shares during the period. Finally, HBW Advisory Services LLC bought a new position in Fidelity MSCI Utilities Index ETF during the 2nd quarter worth $1,570,000.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of FUTY opened at $51.14 on Tuesday. Fidelity MSCI Utilities Index ETF has a 52-week low of $38.14 and a 52-week high of $52.94. The business’s fifty day moving average is $50.99 and its 200-day moving average is $47.73. The firm has a market cap of $1.35 billion, a price-to-earnings 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.