Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Reaches New 12-Month High – What’s Next?

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

Fidelity MSCI Energy Index ETF Stock Up 0.9%

The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 15.17 and a beta of 0.77. The business has a 50-day moving average of $25.52 and a two-hundred day moving average of $24.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lido Advisors LLC boosted its position in shares of Fidelity MSCI Energy Index ETF by 9.7% during the 3rd quarter. Lido Advisors LLC now owns 1,713,695 shares of the company’s stock valued at $42,363,000 after acquiring an additional 151,870 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in 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 purchasing an additional 990,880 shares during the period. AGF Management Ltd. lifted its stake in Fidelity MSCI Energy Index ETF by 3.9% during the third quarter. AGF Management Ltd. now owns 933,266 shares of the company’s stock worth $23,070,000 after purchasing an additional 35,346 shares during the period. HighTower Advisors LLC boosted its holdings in Fidelity MSCI Energy Index ETF by 0.9% during the third quarter. HighTower Advisors LLC now owns 752,617 shares of the company’s stock valued at $18,605,000 after purchasing an additional 6,712 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Fidelity MSCI Energy Index ETF by 111,011.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 600,000 shares of the company’s stock valued at $14,070,000 after purchasing an additional 599,460 shares during the period.

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.