Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Sets New 12-Month High – Time to Buy?

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $35.51 and last traded at $35.51, with a volume of 86647 shares trading hands. The stock had previously closed at $34.79.

Fidelity MSCI Energy Index ETF Stock Performance

The stock has a market cap of $1.82 billion, a PE ratio of 15.17 and a beta of 0.77. The stock has a fifty day moving average price of $30.67 and a 200 day moving average price of $26.92.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Deutsche Bank AG bought a new position in Fidelity MSCI Energy Index ETF during the fourth quarter valued at $25,000. Principia Wealth Advisory LLC raised its stake in shares of Fidelity MSCI Energy Index ETF by 2,961.0% in the fourth quarter. Principia Wealth Advisory LLC now owns 1,255 shares of the company’s stock valued at $31,000 after acquiring an additional 1,214 shares during the period. Allworth Financial LP lifted its holdings in shares of Fidelity MSCI Energy Index ETF by 40.3% in the 3rd quarter. Allworth Financial LP now owns 1,745 shares of the company’s stock worth $43,000 after acquiring an additional 501 shares during the last quarter. Godfrey Financial Associates Inc. bought a new stake in shares of Fidelity MSCI Energy Index ETF in the 4th quarter worth about $49,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Fidelity MSCI Energy Index ETF during the 3rd quarter worth about $54,000.

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.