Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Hits New 1-Year High – Should You Buy?

Shares of Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) reached a new 52-week high during trading on Monday . The company traded as high as $26.25 and last traded at $25.7460, with a volume of 12579 shares trading hands. The stock had previously closed at $25.30.

Fidelity MSCI Energy Index ETF Stock Up 0.3%

The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 15.17 and a beta of 0.77. The business’s 50 day simple moving average is $24.84 and its 200-day simple moving average is $24.42.

Institutional Investors Weigh In On Fidelity MSCI Energy Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FENY. Allworth Financial LP raised its holdings 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 buying an additional 501 shares in the last quarter. Kiker Wealth Management LLC grew its position in Fidelity MSCI Energy Index ETF by 66,833.3% in the second quarter. Kiker Wealth Management LLC now owns 2,008 shares of the company’s stock valued at $47,000 after acquiring an additional 2,005 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Fidelity MSCI Energy Index ETF during the third quarter worth about $54,000. Atlantic Union Bankshares Corp lifted its holdings in shares of Fidelity MSCI Energy Index ETF by 2,557.0% in the third quarter. Atlantic Union Bankshares Corp now owns 2,657 shares of the company’s stock worth $66,000 after acquiring an additional 2,557 shares during the last quarter. Finally, Soundwatch Capital LLC acquired a new stake in shares of Fidelity MSCI Energy Index ETF in the 2nd quarter valued at approximately $113,000.

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.