Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Reaches New 52-Week High – Time to Buy?

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) shares hit a new 52-week high during 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 Up 0.3%

The stock has a market capitalization of $2.25 billion, a PE ratio of 15.17 and a beta of 0.50. The firm has a 50 day moving average price of $35.01 and a 200 day moving average price of $32.96.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Certified Advisory Corp purchased a new stake in shares of Fidelity MSCI Energy Index ETF in the first quarter valued at about $853,000. Lido Advisors LLC lifted its position in shares of Fidelity MSCI Energy Index ETF by 2.3% during the first quarter. Lido Advisors LLC now owns 1,755,925 shares of the company’s stock valued at $59,737,000 after purchasing an additional 38,901 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in Fidelity MSCI Energy Index ETF by 10.3% during the first quarter. Kestra Advisory Services LLC now owns 189,088 shares of the company’s stock worth $6,433,000 after purchasing an additional 17,664 shares during the last quarter. HBW Advisory Services LLC purchased a new position in Fidelity MSCI Energy Index ETF during the first quarter worth about $622,000. Finally, Western Wealth Management LLC purchased a new position in Fidelity MSCI Energy Index ETF during the first quarter worth about $682,000.

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.