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

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $27.78 and last traded at $27.6640, with a volume of 733105 shares changing hands. The stock had previously closed at $27.55.

Fidelity MSCI Energy Index ETF Price Performance

The firm has a market capitalization of $1.46 billion, a PE ratio of 15.17 and a beta of 0.77. The stock’s 50-day moving average price is $25.40 and its 200 day moving average price is $24.70.

Institutional Investors Weigh In On Fidelity MSCI Energy Index ETF

Several large investors have recently modified their holdings of the business. Allworth Financial LP boosted its stake in shares of Fidelity MSCI Energy Index ETF by 40.3% during the third quarter. Allworth Financial LP now owns 1,745 shares of the company’s stock valued at $43,000 after purchasing an additional 501 shares in the last quarter. Kiker Wealth Management LLC increased its holdings in shares of Fidelity MSCI Energy Index ETF by 66,833.3% in the 2nd quarter. Kiker Wealth Management LLC now owns 2,008 shares of the company’s stock valued at $47,000 after acquiring an additional 2,005 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Fidelity MSCI Energy Index ETF in the 3rd quarter worth $54,000. Atlantic Union Bankshares Corp raised its position in shares of 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 worth $66,000 after acquiring an additional 2,557 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake 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 worth $122,000 after purchasing 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.