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

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $26.23 and last traded at $26.0550, with a volume of 2478468 shares. The stock had previously closed at $25.65.

Fidelity MSCI Energy Index ETF Stock Up 1.5%

The company’s 50-day moving average is $24.98 and its 200 day moving average is $24.49. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 15.17 and a beta of 0.77.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. LongView Wealth Management boosted its holdings in Fidelity MSCI Energy Index ETF by 5.0% in the 4th quarter. LongView Wealth Management now owns 9,256 shares of the company’s stock valued at $237,000 after purchasing an additional 442 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Fidelity MSCI Energy Index ETF by 37.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,184 shares of the company’s stock worth $661,000 after acquiring an additional 7,066 shares during the period. Lynch & Associates IN boosted its stake in shares of Fidelity MSCI Energy Index ETF by 2.8% in the 4th quarter. Lynch & Associates IN now owns 59,139 shares of the company’s stock valued at $1,465,000 after buying an additional 1,621 shares during the period. Park Avenue Securities LLC grew its holdings in Fidelity MSCI Energy Index ETF by 3.8% during the 4th quarter. Park Avenue Securities LLC now owns 37,856 shares of the company’s stock worth $938,000 after acquiring an additional 1,371 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Fidelity MSCI Energy Index ETF by 1.9% in the third quarter. JPMorgan Chase & Co. now owns 74,975 shares of the company’s stock valued at $1,853,000 after buying an additional 1,377 shares during the last quarter.

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.