Avantax Advisory Services Inc. Decreases Stake in Fidelity MSCI Energy Index ETF (NYSEARCA:FENY)

Avantax Advisory Services Inc. cut its holdings in shares of Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) by 18.6% in the 4th quarter, Holdings Channel reports. The fund owned 55,015 shares of the company’s stock after selling 12,546 shares during the period. Avantax Advisory Services Inc.’s holdings in Fidelity MSCI Energy Index ETF were worth $1,312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. AGF Management Ltd. grew its stake in Fidelity MSCI Energy Index ETF by 17.4% during the 4th quarter. AGF Management Ltd. now owns 818,781 shares of the company’s stock valued at $19,520,000 after purchasing an additional 121,540 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Fidelity MSCI Energy Index ETF by 13.8% during the fourth quarter. HighTower Advisors LLC now owns 1,004,150 shares of the company’s stock worth $23,939,000 after buying an additional 121,506 shares in the last quarter. Miracle Mile Advisors LLC bought a new stake in shares of Fidelity MSCI Energy Index ETF in the fourth quarter worth $2,821,000. Heck Capital Advisors LLC acquired a new stake in Fidelity MSCI Energy Index ETF in the fourth quarter valued at $1,833,000. Finally, Sunbelt Securities Inc. boosted its stake in Fidelity MSCI Energy Index ETF by 136.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 90,341 shares of the company’s stock valued at $2,175,000 after acquiring an additional 52,203 shares during the last quarter.

Fidelity MSCI Energy Index ETF Price Performance

Shares of FENY stock opened at $24.99 on Wednesday. The firm has a market cap of $1.53 billion, a P/E ratio of 14.83 and a beta of 1.22. The firm has a fifty day moving average of $24.83 and a two-hundred day moving average of $24.78. Fidelity MSCI Energy Index ETF has a 1-year low of $22.72 and a 1-year high of $27.11.

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.