Western Wealth Management LLC Cuts Position in Fidelity MSCI Energy Index ETF (NYSEARCA:FENY)

Western Wealth Management LLC lessened its holdings in Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) by 1.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 43,684 shares of the company’s stock after selling 729 shares during the quarter. Western Wealth Management LLC’s holdings in Fidelity MSCI Energy Index ETF were worth $1,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James & Associates increased its stake in Fidelity MSCI Energy Index ETF by 36.8% during the 4th quarter. Raymond James & Associates now owns 84,911 shares of the company’s stock worth $1,956,000 after buying an additional 22,840 shares in the last quarter. UBS Group AG lifted its holdings in Fidelity MSCI Energy Index ETF by 19.4% in the third quarter. UBS Group AG now owns 304,219 shares of the company’s stock valued at $7,578,000 after acquiring an additional 49,409 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Fidelity MSCI Energy Index ETF by 5.6% in the third quarter. Envestnet Asset Management Inc. now owns 1,252,340 shares of the company’s stock valued at $31,196,000 after acquiring an additional 65,881 shares during the last quarter. Beaumont Financial Advisors LLC lifted its stake in Fidelity MSCI Energy Index ETF by 11.0% during the third quarter. Beaumont Financial Advisors LLC now owns 105,066 shares of the company’s stock worth $2,617,000 after purchasing an additional 10,383 shares in the last quarter. Finally, Q3 Asset Management acquired a new position in Fidelity MSCI Energy Index ETF during the third quarter worth $1,223,000.

Fidelity MSCI Energy Index ETF Stock Up 1.2 %

NYSEARCA:FENY opened at $26.00 on Friday. The stock’s fifty day moving average is $24.88 and its two-hundred day moving average is $23.83. Fidelity MSCI Energy Index ETF has a 52 week low of $20.73 and a 52 week high of $27.11. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 8.55 and a beta of 0.55.

Fidelity MSCI Energy Index ETF Profile

The Fidelity MSCI Energy Index ETF (FENY) is an exchange-traded fund that is based on the MSCI USA IMI Energy 25\u002F50 index, a market-cap-weighted index of US energy companies FENY was launched on Oct 24, 2013 and is managed by Fidelity.