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

Shares of Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) reached a new 52-week high on Wednesday . The stock traded as high as $27.21 and last traded at $27.0420, with a volume of 600513 shares changing hands. The stock had previously closed at $26.40.

Fidelity MSCI Energy Index ETF Stock Up 2.5%

The stock has a fifty day simple moving average of $25.19 and a 200-day simple moving average of $24.60. The company has a market capitalization of $1.39 billion, a P/E ratio of 15.17 and a beta of 0.77.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. increased its holdings in Fidelity MSCI Energy Index ETF by 427.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,222,648 shares of the company’s stock valued at $28,671,000 after purchasing an additional 990,880 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of 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 buying an additional 599,460 shares in the last quarter. Hilltop Wealth Advisors LLC acquired a new stake in shares of Fidelity MSCI Energy Index ETF in the third quarter valued at $12,909,000. Soundwatch Capital LLC acquired a new position in Fidelity MSCI Energy Index ETF during the 2nd quarter worth about $113,000. Finally, Tower Research Capital LLC TRC bought a new stake in Fidelity MSCI Energy Index ETF during the 3rd quarter worth about $10,917,000.

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.