Penobscot Wealth Management Invests $251,000 in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

Penobscot Wealth Management acquired a new position in shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 6,143 shares of the company’s stock, valued at approximately $251,000.

A number of other large investors have also modified their holdings of FUTY. Estate Counselors LLC increased its position in shares of Fidelity MSCI Utilities Index ETF by 148.2% during the fourth quarter. Estate Counselors LLC now owns 101,530 shares of the company’s stock worth $4,149,000 after acquiring an additional 60,620 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in Fidelity MSCI Utilities Index ETF by 348.6% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 65,427 shares of the company’s stock valued at $2,715,000 after acquiring an additional 50,841 shares in the last quarter. Benchmark Financial Wealth Advisors LLC acquired a new position in Fidelity MSCI Utilities Index ETF in the fourth quarter valued at $1,775,000. Brookstone Capital Management boosted its stake in Fidelity MSCI Utilities Index ETF by 42.5% in the third quarter. Brookstone Capital Management now owns 142,630 shares of the company’s stock valued at $5,374,000 after acquiring an additional 42,531 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Fidelity MSCI Utilities Index ETF in the fourth quarter valued at $1,694,000.

Fidelity MSCI Utilities Index ETF Stock Performance

NYSEARCA FUTY traded up $0.12 during trading hours on Thursday, hitting $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 1-year low of $35.32 and a 1-year high of $44.96. The company has a market cap of $1.16 billion, a PE ratio of 21.47 and a beta of 0.55. The business has a 50 day moving average of $41.13 and a 200-day moving average of $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.