Bellwether Advisors LLC Buys New Position in Fidelity MSCI Energy Index ETF $FENY

Bellwether Advisors LLC purchased a new stake in shares of Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 50,694 shares of the company’s stock, valued at approximately $1,725,000. Bellwether Advisors LLC owned approximately 0.08% of Fidelity MSCI Energy Index ETF at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. AE Wealth Management LLC increased its holdings in shares of Fidelity MSCI Energy Index ETF by 13.9% in the 4th quarter. AE Wealth Management LLC now owns 136,184 shares of the company’s stock valued at $3,373,000 after acquiring an additional 16,631 shares during the last quarter. Certified Advisory Corp acquired a new position in shares of Fidelity MSCI Energy Index ETF during the first quarter valued at $853,000. Penobscot Wealth Management acquired a new stake in shares of Fidelity MSCI Energy Index ETF in the first quarter valued at approximately $1,411,000. HBW Advisory Services LLC acquired a new stake in shares of Fidelity MSCI Energy Index ETF in the first quarter valued at approximately $622,000. Finally, Blue Capital Inc. bought a new stake in shares of Fidelity MSCI Energy Index ETF during the first quarter valued at approximately $591,000.

Fidelity MSCI Energy Index ETF Trading Up 1.2%

Shares of NYSEARCA FENY opened at $32.56 on Wednesday. The stock has a 50 day simple moving average of $31.39 and a 200-day simple moving average of $30.72. The company has a market cap of $1.99 billion, a PE ratio of 15.17 and a beta of 0.43. Fidelity MSCI Energy Index ETF has a 12-month low of $23.23 and a 12-month high of $35.26.

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.