Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Sees Strong Trading Volume – Here’s Why

Shares of Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) saw unusually-high trading volume on Tuesday . Approximately 1,273,788 shares changed hands during mid-day trading, an increase of 37% from the previous session’s volume of 927,095 shares.The stock last traded at $26.10 and had previously closed at $26.16.

Fidelity MSCI Energy Index ETF Stock Performance

The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 8.27 and a beta of 0.50. The company has a 50-day simple moving average of $25.08 and a two-hundred day simple moving average of $24.84.

Institutional Investors Weigh In On Fidelity MSCI Energy Index ETF

A number of institutional investors and hedge funds have recently modified their holdings of FENY. Eastern Bank bought a new position in Fidelity MSCI Energy Index ETF during the third quarter worth $27,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Fidelity MSCI Energy Index ETF during the 4th quarter worth about $27,000. VitalStone Financial LLC bought a new stake in shares of Fidelity MSCI Energy Index ETF during the 3rd quarter worth about $39,000. LRI Investments LLC grew its stake in Fidelity MSCI Energy Index ETF by 791.2% in the 3rd quarter. LRI Investments LLC now owns 4,536 shares of the company’s stock valued at $118,000 after buying an additional 4,027 shares during the last quarter. Finally, American National Bank & Trust raised its holdings in Fidelity MSCI Energy Index ETF by 21.0% in the 3rd quarter. American National Bank & Trust now owns 6,263 shares of the company’s stock valued at $151,000 after acquiring an additional 1,087 shares during the period.

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.