Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Reaches New 1-Year High – Still a Buy?

Shares of Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) reached a new 52-week high during mid-day trading on Monday. The company traded as high as $37.55 and last traded at $37.5530, with a volume of 149,362 shares. The stock had previously closed at $37.41.

Fidelity MSCI Energy Index ETF Stock Performance

The business’s 50 day simple moving average is $35.20 and its 200-day simple moving average is $32.99. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 15.17 and a beta of 0.50.

Institutional Trading of Fidelity MSCI Energy Index ETF

Institutional investors have recently bought and sold shares of the company. Certified Advisory Corp acquired a new position in Fidelity MSCI Energy Index ETF in the 1st quarter worth about $853,000. Lido Advisors LLC lifted its holdings in shares of Fidelity MSCI Energy Index ETF by 2.3% during the 1st 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. Kestra Advisory Services LLC lifted its holdings in shares of Fidelity MSCI Energy Index ETF by 10.3% during the 1st quarter. Kestra Advisory Services LLC now owns 189,088 shares of the company’s stock valued at $6,433,000 after buying an additional 17,664 shares during the last quarter. HBW Advisory Services LLC bought a new stake in shares of Fidelity MSCI Energy Index ETF in the 1st quarter valued at approximately $622,000. Finally, Western Wealth Management LLC bought a new stake in shares of Fidelity MSCI Energy Index ETF in the 1st quarter valued at approximately $682,000.

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.