Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Hits New 1-Year High – Here’s Why

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $35.99 and last traded at $35.70, with a volume of 172491 shares traded. The stock had previously closed at $35.45.

Fidelity MSCI Energy Index ETF Stock Performance

The business’s 50-day moving average price is $32.63 and its 200 day moving average price is $32.16. The company has a market cap of $2.19 billion, a P/E ratio of 15.17 and a beta of 0.43.

Institutional Investors Weigh In On Fidelity MSCI Energy Index ETF

Several hedge funds have recently bought and sold shares of FENY. Lido Advisors LLC grew its holdings in Fidelity MSCI Energy Index ETF by 2.3% during the first quarter. Lido Advisors LLC now owns 1,755,925 shares of the company’s stock worth $59,737,000 after purchasing an additional 38,901 shares during the period. Vicus Capital lifted its position in shares of Fidelity MSCI Energy Index ETF by 2,690.9% in the first quarter. Vicus Capital now owns 803,382 shares of the company’s stock valued at $27,331,000 after buying an additional 774,596 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Fidelity MSCI Energy Index ETF by 111,011.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 600,000 shares of the company’s stock worth $14,070,000 after acquiring an additional 599,460 shares during the period. Tower Research Capital LLC TRC bought a new position in shares of Fidelity MSCI Energy Index ETF during the 3rd quarter worth approximately $10,917,000. Finally, Cetera Investment Advisers boosted its stake in shares of Fidelity MSCI Energy Index ETF by 29.4% during the 1st quarter. Cetera Investment Advisers now owns 428,397 shares of the company’s stock worth $14,574,000 after acquiring an additional 97,412 shares during the period.

Fidelity MSCI Energy Index ETF Company 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.