Essex Financial Services Inc. Invests $739,000 in Fidelity MSCI Energy Index ETF $FENY

Essex Financial Services Inc. bought a new position in Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 21,722 shares of the company’s stock, valued at approximately $739,000.

Other institutional investors have also added to or reduced their stakes in the company. Global Trust Asset Management LLC bought a new stake in Fidelity MSCI Energy Index ETF in the 1st quarter worth $78,000. SageGuard Financial Group LLC boosted its holdings in shares of Fidelity MSCI Energy Index ETF by 113.6% during the first quarter. SageGuard Financial Group LLC now owns 150,796 shares of the company’s stock worth $5,130,000 after purchasing an additional 80,204 shares during the period. Vicus Capital boosted its holdings in shares of Fidelity MSCI Energy Index ETF by 2,690.9% during the first quarter. Vicus Capital now owns 803,382 shares of the company’s stock worth $27,331,000 after purchasing an additional 774,596 shares during the period. Maltin Wealth Management Inc. grew its stake in shares of Fidelity MSCI Energy Index ETF by 12.2% in the first quarter. Maltin Wealth Management Inc. now owns 124,946 shares of the company’s stock worth $4,251,000 after purchasing an additional 13,580 shares during the last quarter. Finally, Penobscot Wealth Management bought a new stake in shares of Fidelity MSCI Energy Index ETF in the first quarter worth about $1,411,000.

Fidelity MSCI Energy Index ETF Price Performance

Shares of NYSEARCA:FENY opened at $29.62 on Friday. Fidelity MSCI Energy Index ETF has a 1 year low of $23.23 and a 1 year high of $35.26. The company has a market cap of $1.75 billion, a PE ratio of 15.17 and a beta of 0.43. The stock’s 50-day moving average is $31.62 and its 200 day moving average is $30.13.

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.