IHT Wealth Management LLC Makes New $237,000 Investment in Fidelity MSCI Energy Index ETF (NYSEARCA:FENY)

IHT Wealth Management LLC purchased a new position in Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) in the third quarter, HoldingsChannel reports. The firm purchased 9,721 shares of the company’s stock, valued at approximately $237,000.

A number of other hedge funds have also modified their holdings of FENY. CWM LLC lifted its stake in shares of Fidelity MSCI Energy Index ETF by 31.0% during the 2nd quarter. CWM LLC now owns 6,191 shares of the company’s stock valued at $155,000 after buying an additional 1,466 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Fidelity MSCI Energy Index ETF by 40.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 17,373 shares of the company’s stock valued at $436,000 after acquiring an additional 4,974 shares in the last quarter. Gradient Investments LLC purchased a new position in shares of Fidelity MSCI Energy Index ETF in the second quarter valued at about $49,000. Sinecera Capital LLC boosted its stake in shares of Fidelity MSCI Energy Index ETF by 1.1% in the second quarter. Sinecera Capital LLC now owns 51,549 shares of the company’s stock worth $1,293,000 after acquiring an additional 552 shares during the period. Finally, Financial Partners Group Inc grew its position in shares of Fidelity MSCI Energy Index ETF by 14.6% during the second quarter. Financial Partners Group Inc now owns 255,750 shares of the company’s stock worth $6,417,000 after purchasing an additional 32,528 shares in the last quarter.

Fidelity MSCI Energy Index ETF Trading Down 0.6 %

NYSEARCA FENY opened at $24.98 on Wednesday. The stock’s 50 day moving average is $25.42 and its 200 day moving average is $24.93. Fidelity MSCI Energy Index ETF has a 12 month low of $21.73 and a 12 month high of $27.11. The stock has a market cap of $1.82 billion, a PE ratio of 8.27 and a beta of 0.50.

Fidelity MSCI Energy Index ETF Company 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.