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

Shares of Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $35.29 and last traded at $35.05, with a volume of 265784 shares traded. The stock had previously closed at $34.74.

Fidelity MSCI Energy Index ETF Price Performance

The stock has a market capitalization of $2.13 billion, a P/E ratio of 15.17 and a beta of 0.43. The company has a fifty day moving average of $31.57 and a two-hundred day moving average of $31.63.

Institutional Investors Weigh In On Fidelity MSCI Energy Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in FENY. Royal Bank of Canada boosted its holdings in Fidelity MSCI Energy Index ETF by 16.9% in the first quarter. Royal Bank of Canada now owns 62,708 shares of the company’s stock worth $1,602,000 after purchasing an additional 9,077 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Fidelity MSCI Energy Index ETF by 30.3% in the 1st quarter. Jones Financial Companies Lllp now owns 12,653 shares of the company’s stock worth $323,000 after buying an additional 2,944 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Fidelity MSCI Energy Index ETF by 197.0% in the 1st quarter. Jane Street Group LLC now owns 84,276 shares of the company’s stock worth $2,153,000 after buying an additional 55,901 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Fidelity MSCI Energy Index ETF by 16.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 73,598 shares of the company’s stock valued at $1,726,000 after buying an additional 10,351 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in shares of Fidelity MSCI Energy Index ETF by 4,601.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 5,219 shares of the company’s stock valued at $122,000 after buying an additional 5,108 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.