Western Wealth Management LLC Lowers Stock Holdings in Fidelity MSCI Energy Index ETF (NYSEARCA:FENY)

Western Wealth Management LLC trimmed its position in Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) by 12.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,148 shares of the company’s stock after selling 5,071 shares during the quarter. Western Wealth Management LLC’s holdings in Fidelity MSCI Energy Index ETF were worth $862,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. purchased a new stake in Fidelity MSCI Energy Index ETF in the fourth quarter valued at approximately $246,000. Jones Financial Companies Lllp raised its stake in Fidelity MSCI Energy Index ETF by 97.4% in the fourth quarter. Jones Financial Companies Lllp now owns 9,709 shares of the company’s stock valued at $231,000 after purchasing an additional 4,791 shares in the last quarter. Bank of Marin raised its stake in Fidelity MSCI Energy Index ETF by 1.7% in the fourth quarter. Bank of Marin now owns 29,179 shares of the company’s stock valued at $696,000 after purchasing an additional 488 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Fidelity MSCI Energy Index ETF in the fourth quarter valued at approximately $1,120,000. Finally, BNP Paribas Financial Markets purchased a new stake in Fidelity MSCI Energy Index ETF in the fourth quarter valued at approximately $2,398,000.

Fidelity MSCI Energy Index ETF Price Performance

Shares of FENY opened at $22.50 on Friday. The company has a market capitalization of $1.35 billion, a P/E ratio of 13.30 and a beta of 0.79. Fidelity MSCI Energy Index ETF has a 1-year low of $20.31 and a 1-year high of $27.03. The firm’s 50 day simple moving average is $23.11 and its 200 day simple moving average is $24.32.

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.