Envestnet Asset Management Inc. Decreases Stake in Fidelity MSCI Energy Index ETF $FENY

Envestnet Asset Management Inc. cut its position in Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) by 52.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 582,130 shares of the company’s stock after selling 640,518 shares during the period. Envestnet Asset Management Inc. owned 1.09% of Fidelity MSCI Energy Index ETF worth $14,390,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Atlantic Union Bankshares Corp grew its stake in shares of Fidelity MSCI Energy Index ETF by 2,557.0% during the third quarter. Atlantic Union Bankshares Corp now owns 2,657 shares of the company’s stock worth $66,000 after purchasing an additional 2,557 shares in the last quarter. Soundwatch Capital LLC acquired a new position in Fidelity MSCI Energy Index ETF in the second quarter valued at approximately $113,000. Qube Research & Technologies Ltd increased its stake in Fidelity MSCI Energy Index ETF by 4,601.8% in the second quarter. Qube Research & Technologies Ltd now owns 5,219 shares of the company’s stock valued at $122,000 after purchasing an additional 5,108 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in Fidelity MSCI Energy Index ETF by 909.3% during the second quarter. Cullen Frost Bankers Inc. now owns 8,226 shares of the company’s stock worth $193,000 after purchasing an additional 7,411 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Fidelity MSCI Energy Index ETF during the second quarter worth approximately $202,000.

Fidelity MSCI Energy Index ETF Trading Up 0.9%

Shares of Fidelity MSCI Energy Index ETF stock opened at $30.07 on Tuesday. The company has a fifty day simple moving average of $26.55 and a 200-day simple moving average of $25.21. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 15.17 and a beta of 0.77. Fidelity MSCI Energy Index ETF has a 12-month low of $20.31 and a 12-month high of $30.50.

About Fidelity MSCI Energy Index ETF

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.