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

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $26.23 and last traded at $26.0550, with a volume of 2478468 shares trading hands. The stock had previously closed at $25.65.

Fidelity MSCI Energy Index ETF Trading Down 0.8%

The firm has a market cap of $1.36 billion, a P/E ratio of 15.17 and a beta of 0.77. The stock has a 50 day simple moving average of $25.10 and a 200-day simple moving average of $24.53.

Institutional Investors Weigh In On Fidelity MSCI Energy Index ETF

Several large investors have recently bought and sold shares of FENY. Cullen Frost Bankers Inc. lifted its position in Fidelity MSCI Energy Index ETF by 909.3% in the second quarter. Cullen Frost Bankers Inc. now owns 8,226 shares of the company’s stock worth $193,000 after buying an additional 7,411 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Fidelity MSCI Energy Index ETF by 17.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 23,137 shares of the company’s stock valued at $556,000 after acquiring an additional 3,424 shares during the last quarter. AE Wealth Management LLC raised its stake in shares of Fidelity MSCI Energy Index ETF by 12.1% in the second quarter. AE Wealth Management LLC now owns 107,820 shares of the company’s stock valued at $2,528,000 after acquiring an additional 11,605 shares during the period. Beaumont Financial Advisors LLC lifted its holdings in shares of Fidelity MSCI Energy Index ETF by 298.8% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 70,103 shares of the company’s stock worth $1,733,000 after acquiring an additional 52,526 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Fidelity MSCI Energy Index ETF by 21,935.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 6,831 shares of the company’s stock worth $160,000 after acquiring an additional 6,800 shares during the last quarter.

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.