Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Reaches New 52-Week High – Here’s Why

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $30.96 and last traded at $30.8740, with a volume of 2100640 shares traded. The stock had previously closed at $30.50.

Fidelity MSCI Energy Index ETF Stock Up 1.6%

The company has a 50 day simple moving average of $27.40 and a 200-day simple moving average of $25.56. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 15.17 and a beta of 0.77.

Institutional Trading of Fidelity MSCI Energy Index ETF

Several institutional investors have recently added to or reduced their stakes in the business. AE Wealth Management LLC boosted its stake in Fidelity MSCI Energy Index ETF by 12.1% in the second quarter. AE Wealth Management LLC now owns 107,820 shares of the company’s stock valued at $2,528,000 after acquiring an additional 11,605 shares during the period. Beaumont Financial Advisors LLC grew its stake in Fidelity MSCI Energy Index ETF by 298.8% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 70,103 shares of the company’s stock worth $1,733,000 after buying an additional 52,526 shares during the last quarter. Avantax Advisory Services Inc. increased its position in Fidelity MSCI Energy Index ETF by 201.4% in the second quarter. Avantax Advisory Services Inc. now owns 150,940 shares of the company’s stock worth $3,540,000 after buying an additional 100,865 shares during the period. AGF Management Ltd. lifted its stake in Fidelity MSCI Energy Index ETF by 6.8% in the second quarter. AGF Management Ltd. now owns 897,920 shares of the company’s stock valued at $21,056,000 after buying an additional 57,218 shares during the last quarter. Finally, Hilltop Wealth Advisors LLC acquired a new position in shares of Fidelity MSCI Energy Index ETF during the third quarter valued at $12,909,000.

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.