Northwestern Mutual Wealth Management Co. Trims Position in Fidelity MSCI Energy Index ETF $FENY

Northwestern Mutual Wealth Management Co. lessened its stake in shares of Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) by 88.5% during the 4th quarter, Holdings Channel reports. The fund owned 63,464 shares of the company’s stock after selling 488,060 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity MSCI Energy Index ETF were worth $1,572,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Capital Investment Advisors LLC raised its holdings in shares of Fidelity MSCI Energy Index ETF by 1.7% during the 4th quarter. Capital Investment Advisors LLC now owns 25,431 shares of the company’s stock worth $630,000 after acquiring an additional 427 shares during the period. LongView Wealth Management increased its position in shares of Fidelity MSCI Energy Index ETF by 5.0% during the 4th quarter. LongView Wealth Management now owns 9,256 shares of the company’s stock worth $237,000 after purchasing an additional 442 shares during the last quarter. Allworth Financial LP increased its position in shares of Fidelity MSCI Energy Index ETF by 40.3% during the 3rd quarter. Allworth Financial LP now owns 1,745 shares of the company’s stock worth $43,000 after purchasing an additional 501 shares during the last quarter. AA Financial Advisors LLC increased its position in shares of Fidelity MSCI Energy Index ETF by 3.1% during the 4th quarter. AA Financial Advisors LLC now owns 21,099 shares of the company’s stock worth $523,000 after purchasing an additional 637 shares during the last quarter. Finally, Wilkins Miller Wealth Management LLC increased its position in shares of Fidelity MSCI Energy Index ETF by 5.9% during the 4th quarter. Wilkins Miller Wealth Management LLC now owns 15,721 shares of the company’s stock worth $389,000 after purchasing an additional 879 shares during the last quarter.

Fidelity MSCI Energy Index ETF Trading Down 1.7%

Shares of NYSEARCA:FENY opened at $31.64 on Thursday. The business has a 50-day moving average price of $32.57 and a 200 day moving average price of $29.07. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 15.17 and a beta of 0.46. Fidelity MSCI Energy Index ETF has a 12-month low of $22.31 and a 12-month high of $35.26.

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.