Fidelity MSCI Energy Index ETF (NYSEARCA:FENY – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 1,600,192 shares were traded during trading, an increase of 121% from the previous session’s volume of 724,283 shares.The stock last traded at $25.21 and had previously closed at $24.91.
Fidelity MSCI Energy Index ETF Trading Up 0.3 %
The stock has a 50 day moving average of $24.87 and a 200-day moving average of $24.79. The company has a market capitalization of $1.57 billion, a P/E ratio of 14.83 and a beta of 1.22.
Hedge Funds Weigh In On Fidelity MSCI Energy Index ETF
Hedge funds have recently modified their holdings of the company. Meridian Wealth Management LLC bought a new position in Fidelity MSCI Energy Index ETF in the 3rd quarter worth $378,000. D.A. Davidson & CO. boosted its stake in shares of Fidelity MSCI Energy Index ETF by 2.9% in the third quarter. D.A. Davidson & CO. now owns 44,780 shares of the company’s stock worth $1,078,000 after acquiring an additional 1,252 shares during the period. HighTower Advisors LLC grew its position in shares of Fidelity MSCI Energy Index ETF by 0.4% during the third quarter. HighTower Advisors LLC now owns 882,644 shares of the company’s stock worth $21,217,000 after purchasing an additional 3,703 shares in the last quarter. Investmark Advisory Group LLC raised its stake in Fidelity MSCI Energy Index ETF by 10.8% during the 3rd quarter. Investmark Advisory Group LLC now owns 9,845 shares of the company’s stock valued at $237,000 after purchasing an additional 958 shares during the period. Finally, IHT Wealth Management LLC purchased a new position in Fidelity MSCI Energy Index ETF in the 3rd quarter worth approximately $237,000.
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.
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