Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Sets New 52-Week High – Here’s Why

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY)’s stock price reached a new 52-week high on Monday . The stock traded as high as $29.61 and last traded at $29.4950, with a volume of 452921 shares changing hands. The stock had previously closed at $29.46.

Fidelity MSCI Energy Index ETF Stock Up 0.8%

The firm has a market capitalization of $1.59 billion, a PE ratio of 15.17 and a beta of 0.77. The business’s 50-day moving average price is $25.99 and its 200-day moving average price is $24.96.

Institutional Investors Weigh In On Fidelity MSCI Energy Index ETF

Several institutional investors and hedge funds have recently modified their holdings of FENY. Allworth Financial LP boosted its stake 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 acquiring an additional 501 shares in the last quarter. Kiker Wealth Management LLC grew its holdings in Fidelity MSCI Energy Index ETF by 66,833.3% during the second quarter. Kiker Wealth Management LLC now owns 2,008 shares of the company’s stock valued at $47,000 after purchasing an additional 2,005 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Fidelity MSCI Energy Index ETF in the third quarter worth $54,000. Nvest Wealth Strategies Inc. bought a new stake in shares of Fidelity MSCI Energy Index ETF during the 4th quarter worth $62,000. Finally, Atlantic Union Bankshares Corp grew its stake in Fidelity MSCI Energy Index ETF by 2,557.0% in 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 during the last quarter.

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.