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

Shares of Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $36.69 and last traded at $36.7130, with a volume of 123,839 shares traded. The stock had previously closed at $36.34.

Fidelity MSCI Energy Index ETF Price Performance

The company has a 50 day moving average of $34.81 and a 200-day moving average of $32.91. The company has a market cap of $2.23 billion, a P/E ratio of 15.17 and a beta of 0.50.

Institutional Trading of Fidelity MSCI Energy Index ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Advisors Preferred LLC bought a new stake in shares of Fidelity MSCI Energy Index ETF during the 1st quarter valued at about $59,000. Global Trust Asset Management LLC bought a new position in shares of Fidelity MSCI Energy Index ETF in the first quarter worth approximately $78,000. Fifth Third Bancorp increased its position in shares of Fidelity MSCI Energy Index ETF by 157.5% in the first quarter. Fifth Third Bancorp now owns 2,575 shares of the company’s stock worth $88,000 after purchasing an additional 1,575 shares during the last quarter. Motiv8 Investments LLC purchased a new stake in Fidelity MSCI Energy Index ETF in the fourth quarter valued at approximately $85,000. Finally, Allied Private Wealth LLC purchased a new stake in Fidelity MSCI Energy Index ETF in the second quarter valued at approximately $136,000.

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.