Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Reaches New 1-Year High – Here’s Why

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $32.75 and last traded at $32.47, with a volume of 2956330 shares changing hands. The stock had previously closed at $32.08.

Fidelity MSCI Energy Index ETF Stock Performance

The company has a market cap of $1.77 billion, a PE ratio of 15.17 and a beta of 0.77. The stock’s 50-day simple moving average is $29.45 and its 200 day simple moving average is $26.37.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Capital Investment Advisors LLC lifted its position in Fidelity MSCI Energy Index ETF by 1.7% in the fourth quarter. Capital Investment Advisors LLC now owns 25,431 shares of the company’s stock valued at $630,000 after purchasing an additional 427 shares during the period. LongView Wealth Management boosted its holdings in Fidelity MSCI Energy Index ETF by 5.0% in the 4th quarter. LongView Wealth Management now owns 9,256 shares of the company’s stock valued at $237,000 after purchasing an additional 442 shares in the last quarter. Trail Ridge Investment Advisors LLC increased its position in Fidelity MSCI Energy Index ETF by 0.5% during the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 104,963 shares of the company’s stock worth $2,595,000 after purchasing an additional 472 shares during the period. U.S. Capital Wealth Advisors LLC increased its position in Fidelity MSCI Energy Index ETF by 1.8% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 27,710 shares of the company’s stock worth $685,000 after purchasing an additional 487 shares during the period. Finally, Allworth Financial LP raised its stake in shares of Fidelity MSCI Energy Index ETF by 40.3% during the 3rd quarter. Allworth Financial LP now owns 1,745 shares of the company’s stock worth $43,000 after buying an additional 501 shares in the last quarter.

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.