Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Sets New 52-Week High – Still a Buy?

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $36.69 and last traded at $36.7130, with a volume of 123,839 shares. The stock had previously closed at $36.34.

Fidelity MSCI Energy Index ETF Stock Performance

The firm has a 50 day simple moving average of $34.81 and a 200 day simple moving average of $32.91. The firm has a market cap of $2.23 billion, a P/E ratio of 15.17 and a beta of 0.50.

Institutional Investors Weigh In On Fidelity MSCI Energy Index ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Advisors Preferred LLC bought a new stake in Fidelity MSCI Energy Index ETF during the 1st quarter worth approximately $59,000. Global Trust Asset Management LLC bought a new position in Fidelity MSCI Energy Index ETF in the 1st quarter valued at $78,000. Motiv8 Investments LLC bought a new position in Fidelity MSCI Energy Index ETF in the 4th quarter valued at $85,000. Fifth Third Bancorp boosted its holdings in Fidelity MSCI Energy Index ETF by 157.5% in the 1st quarter. Fifth Third Bancorp now owns 2,575 shares of the company’s stock valued at $88,000 after purchasing an additional 1,575 shares during the period. Finally, Allied Private Wealth LLC purchased a new position in shares of Fidelity MSCI Energy Index ETF during the 2nd quarter valued at $136,000.

Fidelity MSCI Energy Index ETF Company Profile

(Get Free Report)

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.

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