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

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $30.88 and last traded at $30.6330, with a volume of 1071943 shares. The stock had previously closed at $30.30.

Fidelity MSCI Energy Index ETF Trading Up 1.2%

The firm has a market cap of $1.64 billion, a PE ratio of 15.17 and a beta of 0.77. The business has a fifty day moving average price of $26.73 and a 200 day moving average price of $25.28.

Institutional Trading of Fidelity MSCI Energy Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FENY. Envestnet Asset Management Inc. increased its stake in shares of Fidelity MSCI Energy Index ETF by 427.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,222,648 shares of the company’s stock worth $28,671,000 after acquiring an additional 990,880 shares during the period. BNP Paribas Financial Markets increased its position in shares of Fidelity MSCI Energy Index ETF by 111,011.1% in the second quarter. BNP Paribas Financial Markets now owns 600,000 shares of the company’s stock valued at $14,070,000 after buying an additional 599,460 shares in the last quarter. Hilltop Wealth Advisors LLC purchased a new stake in shares of Fidelity MSCI Energy Index ETF in the third quarter valued at about $12,909,000. Soundwatch Capital LLC acquired a new stake in shares of Fidelity MSCI Energy Index ETF during the second quarter valued at $113,000. Finally, Tower Research Capital LLC TRC acquired a new position in Fidelity MSCI Energy Index ETF in the third quarter valued at $10,917,000.

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.