Lido Advisors LLC Increases Stock Position in Fidelity MSCI Energy Index ETF $FENY

Lido Advisors LLC increased its position in Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) by 4.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,561,825 shares of the company’s stock after buying an additional 64,451 shares during the quarter. Lido Advisors LLC owned about 2.72% of Fidelity MSCI Energy Index ETF worth $36,625,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kiker Wealth Management LLC raised its holdings in shares of Fidelity MSCI Energy Index ETF by 66,833.3% in the 2nd 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. Farther Finance Advisors LLC increased its position in Fidelity MSCI Energy Index ETF by 21,935.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 6,831 shares of the company’s stock worth $160,000 after purchasing an additional 6,800 shares in the last quarter. National Wealth Management Group LLC purchased a new position in Fidelity MSCI Energy Index ETF in the first quarter valued at approximately $209,000. Cullen Frost Bankers Inc. raised its holdings in Fidelity MSCI Energy Index ETF by 909.3% in the second quarter. Cullen Frost Bankers Inc. now owns 8,226 shares of the company’s stock valued at $193,000 after buying an additional 7,411 shares during the period. Finally, Delta Financial Group Inc. acquired a new position in Fidelity MSCI Energy Index ETF during the first quarter valued at approximately $212,000.

Fidelity MSCI Energy Index ETF Trading Up 1.4%

NYSEARCA:FENY opened at $25.09 on Friday. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 15.17 and a beta of 0.77. The firm’s fifty day simple moving average is $24.60 and its 200 day simple moving average is $24.11. Fidelity MSCI Energy Index ETF has a twelve month low of $20.31 and a twelve month high of $26.45.

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.