Freedom Investment Management Inc. Sells 5,586 Shares of Fidelity MSCI Energy Index ETF $FENY

Freedom Investment Management Inc. reduced its stake in Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) by 8.7% during the second quarter, Holdings Channel.com reports. The fund owned 58,568 shares of the company’s stock after selling 5,586 shares during the period. Freedom Investment Management Inc.’s holdings in Fidelity MSCI Energy Index ETF were worth $1,373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FENY. IMA Advisory Services Inc. acquired a new position in Fidelity MSCI Energy Index ETF in the first quarter valued at approximately $38,000. Kiker Wealth Management LLC raised its position in shares of Fidelity MSCI Energy Index ETF by 66,833.3% during the second quarter. Kiker Wealth Management LLC now owns 2,008 shares of the company’s stock worth $47,000 after purchasing an additional 2,005 shares during the period. Columbia River Financial Group LLC acquired a new position in shares of Fidelity MSCI Energy Index ETF during the first quarter worth approximately $95,000. Farther Finance Advisors LLC grew its holdings in Fidelity MSCI Energy Index ETF by 21,935.5% during the second quarter. Farther Finance Advisors LLC now owns 6,831 shares of the company’s stock worth $160,000 after buying an additional 6,800 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew 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 buying an additional 7,411 shares in the last quarter.

Fidelity MSCI Energy Index ETF Trading Up 1.6%

Shares of Fidelity MSCI Energy Index ETF stock opened at $24.70 on Friday. The company has a market capitalization of $1.34 billion, a P/E ratio of 15.17 and a beta of 1.39. The stock has a fifty day simple moving average of $24.44 and a 200 day simple moving average of $23.63. Fidelity MSCI Energy Index ETF has a 12-month low of $20.31 and a 12-month high of $27.03.

Fidelity MSCI Energy Index ETF 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.