Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Trading Up 1% – Still a Buy?

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) rose 1% on Monday . The stock traded as high as $24.67 and last traded at $24.50. Approximately 3,700,657 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 2,801,432 shares. The stock had previously closed at $24.26.

Fidelity MSCI Energy Index ETF Price Performance

The stock has a market capitalization of $1.31 billion, a PE ratio of 15.17 and a beta of 0.77. The company has a 50 day moving average price of $24.75 and a 200-day moving average price of $24.38.

Institutional Trading of Fidelity MSCI Energy Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP grew its holdings in Fidelity MSCI Energy Index ETF by 40.3% in the third quarter. Allworth Financial LP now owns 1,745 shares of the company’s stock worth $43,000 after purchasing an additional 501 shares during the period. Kiker Wealth Management LLC boosted its position 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Fidelity MSCI Energy Index ETF in the 3rd quarter worth approximately $54,000. Atlantic Union Bankshares Corp increased its position in Fidelity MSCI Energy Index ETF by 2,557.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 2,657 shares of the company’s stock valued at $66,000 after buying an additional 2,557 shares in the last quarter. Finally, Soundwatch Capital LLC bought a new position in Fidelity MSCI Energy Index ETF during the 2nd quarter valued at approximately $113,000.

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.