Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Reaches New 12-Month High – Here’s Why

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $26.25 and last traded at $25.7460, with a volume of 12579 shares changing hands. The stock had previously closed at $25.30.

Fidelity MSCI Energy Index ETF Price Performance

The firm’s 50 day simple moving average is $24.84 and its two-hundred day simple moving average is $24.42. The firm has a market capitalization of $1.30 billion, a P/E ratio of 15.17 and a beta of 0.77.

Hedge Funds Weigh In On Fidelity MSCI Energy Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in Fidelity MSCI Energy Index ETF by 427.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,222,648 shares of the company’s stock worth $28,671,000 after buying an additional 990,880 shares during the period. BNP Paribas Financial Markets raised its position in shares of Fidelity MSCI Energy Index ETF by 111,011.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 600,000 shares of the company’s stock worth $14,070,000 after purchasing an additional 599,460 shares during the last quarter. Hilltop Wealth Advisors LLC bought a new position in shares of Fidelity MSCI Energy Index ETF in the third quarter worth approximately $12,909,000. Soundwatch Capital LLC bought a new position in Fidelity MSCI Energy Index ETF in the 2nd quarter valued at approximately $113,000. Finally, Tower Research Capital LLC TRC bought a new stake in Fidelity MSCI Energy Index ETF in the 3rd quarter worth about $10,917,000.

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.