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

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

Fidelity MSCI Energy Index ETF Trading Up 0.6%

The stock has a market cap of $2.19 billion, a P/E ratio of 15.17 and a beta of 0.45. The firm’s fifty day moving average is $33.10 and its 200 day moving average is $32.32.

Hedge Funds Weigh In On Fidelity MSCI Energy Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FENY. Eley Financial Management Inc boosted its holdings in 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 purchasing an additional 549 shares during the period. Foundations Investment Advisors LLC lifted its stake 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 period. Harbour Investments Inc. lifted its stake in shares of Fidelity MSCI Energy Index ETF by 4.8% in the fourth quarter. Harbour Investments Inc. now owns 14,265 shares of the company’s stock valued at $353,000 after buying an additional 650 shares during the period. Smith Salley Wealth Management grew its position in Fidelity MSCI Energy Index ETF by 1.4% during the first quarter. Smith Salley Wealth Management now owns 48,705 shares of the company’s stock worth $1,657,000 after buying an additional 663 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in Fidelity MSCI Energy Index ETF by 1.6% during the first quarter. D.A. Davidson & CO. now owns 42,952 shares of the company’s stock valued at $1,461,000 after acquiring an additional 676 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.