Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Hits New 12-Month High – What’s Next?

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $36.47 and last traded at $36.2230, with a volume of 149732 shares. The stock had previously closed at $35.87.

Fidelity MSCI Energy Index ETF Price Performance

The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 15.17 and a beta of 0.45. The firm’s 50 day moving average price is $33.37 and its 200-day moving average price is $32.40.

Hedge Funds Weigh In On Fidelity MSCI Energy Index ETF

A number of hedge funds have recently made changes to their positions in the business. Eley Financial Management Inc boosted its holdings in shares of Fidelity MSCI Energy Index ETF by 0.3% in the 1st quarter. Eley Financial Management Inc now owns 161,414 shares of the company’s stock valued at $5,491,000 after buying an additional 549 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in shares of Fidelity MSCI Energy Index ETF by 5.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 10,337 shares of the company’s stock valued at $256,000 after buying an additional 571 shares during the last quarter. Harbour Investments Inc. raised its stake in Fidelity MSCI Energy Index ETF by 4.8% in the 4th quarter. Harbour Investments Inc. now owns 14,265 shares of the company’s stock valued at $353,000 after acquiring an additional 650 shares during the period. Smith Salley Wealth Management increased its holdings in shares of Fidelity MSCI Energy Index ETF by 1.4% in the first quarter. Smith Salley Wealth Management now owns 48,705 shares of the company’s stock valued at $1,657,000 after purchasing an additional 663 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of Fidelity MSCI Energy Index ETF by 1.6% during the 1st quarter. D.A. Davidson & CO. now owns 42,952 shares of the company’s stock worth $1,461,000 after buying an additional 676 shares during the last quarter.

Fidelity MSCI Energy Index ETF Company Profile

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.