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

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $35.29 and last traded at $35.05, with a volume of 265784 shares trading hands. The stock had previously closed at $34.74.

Fidelity MSCI Energy Index ETF Trading Up 1.1%

The business has a 50 day simple moving average of $31.57 and a two-hundred day simple moving average of $31.63. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 15.17 and a beta of 0.43.

Hedge Funds Weigh In On Fidelity MSCI Energy Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in FENY. Certified Advisory Corp acquired a new stake in Fidelity MSCI Energy Index ETF in the first quarter valued at $853,000. AE Wealth Management LLC boosted its stake in Fidelity MSCI Energy Index ETF by 13.9% during the 4th quarter. AE Wealth Management LLC now owns 136,184 shares of the company’s stock valued at $3,373,000 after acquiring an additional 16,631 shares during the last quarter. Lido Advisors LLC grew its holdings in 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 worth $59,737,000 after acquiring an additional 38,901 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Fidelity MSCI Energy Index ETF by 131.3% during the 1st quarter. Bank of New York Mellon Corp now owns 152,762 shares of the company’s stock worth $5,197,000 after acquiring an additional 86,722 shares in the last quarter. Finally, HBW Advisory Services LLC acquired a new position in Fidelity MSCI Energy Index ETF during the 1st quarter worth $622,000.

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.