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

Shares of Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $32.04 and last traded at $32.04, with a volume of 1365476 shares changing hands. The stock had previously closed at $31.63.

Fidelity MSCI Energy Index ETF Stock Performance

The company has a market capitalization of $1.72 billion, a PE ratio of 15.17 and a beta of 0.77. The business has a fifty day moving average price of $28.61 and a 200 day moving average price of $26.06.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FENY. Lido Advisors LLC grew its stake in Fidelity MSCI Energy Index ETF by 9.7% during the third quarter. Lido Advisors LLC now owns 1,713,695 shares of the company’s stock worth $42,363,000 after buying an additional 151,870 shares during the period. AGF Management Ltd. lifted its holdings in shares of Fidelity MSCI Energy Index ETF by 3.9% during the 3rd quarter. AGF Management Ltd. now owns 933,266 shares of the company’s stock valued at $23,070,000 after acquiring an additional 35,346 shares in the last quarter. HighTower Advisors LLC boosted its position in Fidelity MSCI Energy Index ETF by 0.9% during the 3rd quarter. HighTower Advisors LLC now owns 752,617 shares of the company’s stock worth $18,605,000 after purchasing an additional 6,712 shares during the period. BNP Paribas Financial Markets boosted its position in Fidelity MSCI Energy Index ETF by 111,011.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 600,000 shares of the company’s stock worth $14,070,000 after purchasing an additional 599,460 shares during the period. Finally, Hilltop Wealth Advisors LLC increased its holdings in Fidelity MSCI Energy Index ETF by 2.3% in the 4th quarter. Hilltop Wealth Advisors LLC now owns 534,019 shares of the company’s stock valued at $13,228,000 after purchasing an additional 11,812 shares in 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.