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

Shares of Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $38.18 and last traded at $37.8770, with a volume of 1,401,543 shares changing hands. The stock had previously closed at $37.97.

Fidelity MSCI Energy Index ETF Stock Performance

The business has a 50 day simple moving average of $35.55 and a 200-day simple moving average of $33.13. The stock has a market cap of $2.37 billion, a P/E ratio of 15.17 and a beta of 0.50.

Hedge Funds Weigh In On Fidelity MSCI Energy Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lido Advisors LLC raised its stake in Fidelity MSCI Energy Index ETF by 2.3% during the first quarter. Lido Advisors LLC now owns 1,755,925 shares of the company’s stock valued at $59,737,000 after buying an additional 38,901 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Fidelity MSCI Energy Index ETF by 77.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,516,919 shares of the company’s stock worth $44,840,000 after acquiring an additional 660,650 shares in the last quarter. Vicus Capital lifted its stake in shares of Fidelity MSCI Energy Index ETF by 2,690.9% in the 1st quarter. Vicus Capital now owns 803,382 shares of the company’s stock valued at $27,331,000 after purchasing an additional 774,596 shares during the last quarter. Cetera Investment Advisers increased its stake in Fidelity MSCI Energy Index ETF by 29.4% in the 1st quarter. Cetera Investment Advisers now owns 428,397 shares of the company’s stock worth $14,574,000 after buying an additional 97,412 shares during the period. Finally, Bank of America Corp DE raised its stake in Fidelity MSCI Energy Index ETF by 15.6% in the first quarter. Bank of America Corp DE now owns 238,526 shares of the company’s stock worth $8,115,000 after buying an additional 32,166 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.