Penobscot Wealth Management Purchases Shares of 6,143 Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Penobscot Wealth Management purchased a new stake in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,143 shares of the company’s stock, valued at approximately $251,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the third quarter worth $26,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the third quarter worth $90,000. SYM FINANCIAL Corp acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the third quarter worth $155,000. Global Retirement Partners LLC lifted its holdings in shares of Fidelity MSCI Utilities Index ETF by 67.2% during the third quarter. Global Retirement Partners LLC now owns 4,374 shares of the company’s stock worth $160,000 after buying an additional 1,758 shares in the last quarter. Finally, Calton & Associates Inc. acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the third quarter worth $204,000.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of NYSEARCA FUTY traded up $0.12 during mid-day trading on Thursday, reaching $43.16. The company had a trading volume of 210,469 shares, compared to its average volume of 279,930. Fidelity MSCI Utilities Index ETF has a one year low of $35.32 and a one year high of $44.96. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 21.47 and a beta of 0.55. The business’s 50-day simple moving average is $41.13 and its 200 day simple moving average is $40.18.

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.