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

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY)’s share price hit a new 52-week high on Thursday . The stock traded as high as $30.88 and last traded at $30.6330, with a volume of 1071943 shares. The stock had previously closed at $30.30.

Fidelity MSCI Energy Index ETF Stock Down 0.5%

The firm has a market capitalization of $1.63 billion, a PE ratio of 15.17 and a beta of 0.77. The business has a 50-day moving average price of $26.93 and a 200-day moving average price of $25.37.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Deutsche Bank AG acquired a new position in shares of Fidelity MSCI Energy Index ETF during the 4th quarter valued at about $25,000. Principia Wealth Advisory LLC raised its stake in Fidelity MSCI Energy Index ETF by 2,961.0% during the fourth quarter. Principia Wealth Advisory LLC now owns 1,255 shares of the company’s stock worth $31,000 after purchasing an additional 1,214 shares during the period. Allworth Financial LP boosted its holdings in Fidelity MSCI Energy Index ETF by 40.3% in the 3rd quarter. Allworth Financial LP now owns 1,745 shares of the company’s stock valued at $43,000 after purchasing an additional 501 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in shares of Fidelity MSCI Energy Index ETF in the 4th quarter valued at approximately $49,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Fidelity MSCI Energy Index ETF in the 3rd quarter valued at approximately $54,000.

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.