Envestnet Asset Management Inc. Increases Holdings in Fidelity MSCI Energy Index ETF (NYSEARCA:FENY)

Envestnet Asset Management Inc. boosted its position in Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) by 13.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,059,484 shares of the company’s stock after purchasing an additional 128,161 shares during the period. Envestnet Asset Management Inc. owned about 1.46% of Fidelity MSCI Energy Index ETF worth $26,582,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. acquired a new position in shares of Fidelity MSCI Energy Index ETF during the 2nd quarter worth $27,000. Private Ocean LLC acquired a new position in Fidelity MSCI Energy Index ETF during the second quarter worth about $28,000. NBC Securities Inc. acquired a new position in Fidelity MSCI Energy Index ETF during the first quarter worth about $31,000. Gradient Investments LLC purchased a new stake in shares of Fidelity MSCI Energy Index ETF in the second quarter valued at about $49,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Fidelity MSCI Energy Index ETF in the first quarter valued at approximately $51,000.

Fidelity MSCI Energy Index ETF Price Performance

Shares of Fidelity MSCI Energy Index ETF stock opened at $24.20 on Friday. Fidelity MSCI Energy Index ETF has a 1 year low of $21.73 and a 1 year high of $27.11. The business has a 50 day moving average price of $24.59 and a 200 day moving average price of $25.10. The company has a market capitalization of $1.76 billion, a P/E 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.