Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Sets New 1-Year High – Here’s What Happened

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $26.23 and last traded at $26.0550, with a volume of 2478468 shares. The stock had previously closed at $25.65.

Fidelity MSCI Energy Index ETF Trading Up 1.5%

The firm has a 50 day simple moving average of $24.98 and a two-hundred day simple moving average of $24.49. The company has a market capitalization of $1.35 billion, a PE ratio of 15.17 and a beta of 0.77.

Hedge Funds Weigh In On Fidelity MSCI Energy Index ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Valmark Advisers Inc. lifted its holdings in shares of Fidelity MSCI Energy Index ETF by 1.8% during the 2nd quarter. Valmark Advisers Inc. now owns 23,440 shares of the company’s stock worth $550,000 after acquiring an additional 420 shares during the period. LongView Wealth Management boosted its position in shares of Fidelity MSCI Energy Index ETF by 5.0% in the fourth quarter. LongView Wealth Management now owns 9,256 shares of the company’s stock worth $237,000 after buying an additional 442 shares during the period. Trail Ridge Investment Advisors LLC boosted its holdings in Fidelity MSCI Energy Index ETF by 0.5% in the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 104,963 shares of the company’s stock worth $2,595,000 after acquiring an additional 472 shares during the period. U.S. Capital Wealth Advisors LLC boosted its position in Fidelity MSCI Energy Index ETF by 1.8% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 27,710 shares of the company’s stock valued at $685,000 after buying an additional 487 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in Fidelity MSCI Energy Index ETF by 40.3% during the 3rd quarter. Allworth Financial LP now owns 1,745 shares of the company’s stock worth $43,000 after purchasing an additional 501 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.