Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Sets New 12-Month High – Should You Buy?

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $34.00 and last traded at $33.96, with a volume of 1039968 shares trading hands. The stock had previously closed at $33.15.

Fidelity MSCI Energy Index ETF Stock Performance

The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 15.17 and a beta of 0.77. The company has a 50 day moving average of $30.03 and a 200 day moving average of $26.62.

Hedge Funds Weigh In On Fidelity MSCI Energy Index ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its holdings in Fidelity MSCI Energy Index ETF by 111,011.1% in the second quarter. BNP Paribas Financial Markets now owns 600,000 shares of the company’s stock valued at $14,070,000 after acquiring an additional 599,460 shares in the last quarter. Hilltop Wealth Advisors LLC acquired a new position in Fidelity MSCI Energy Index ETF during the 3rd quarter worth approximately $12,909,000. Tower Research Capital LLC TRC acquired a new position in Fidelity MSCI Energy Index ETF during the 3rd quarter worth approximately $10,917,000. Quadrature Capital Ltd increased its position in shares of Fidelity MSCI Energy Index ETF by 392.2% in the 2nd quarter. Quadrature Capital Ltd now owns 267,554 shares of the company’s stock valued at $6,274,000 after purchasing an additional 213,192 shares during the last quarter. Finally, Lido Advisors LLC increased its position in shares of Fidelity MSCI Energy Index ETF by 9.7% in the 3rd quarter. Lido Advisors LLC now owns 1,713,695 shares of the company’s stock valued at $42,363,000 after purchasing an additional 151,870 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.