Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Hits New 52-Week High – Here’s What Happened

Shares of Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) hit a new 52-week high during trading on Friday . The company traded as high as $30.96 and last traded at $30.8740, with a volume of 2100640 shares. The stock had previously closed at $30.50.

Fidelity MSCI Energy Index ETF Stock Up 1.6%

The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 15.17 and a beta of 0.77. The firm has a 50 day moving average price of $27.40 and a two-hundred day moving average price of $25.56.

Hedge Funds Weigh In On Fidelity MSCI Energy Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Instrumental Wealth LLC acquired a new stake in shares of Fidelity MSCI Energy Index ETF during the fourth quarter worth approximately $198,000. Jacobs Equity LLC bought a new position in Fidelity MSCI Energy Index ETF during the 4th quarter valued at $374,000. EP Wealth Advisors LLC acquired a new position in Fidelity MSCI Energy Index ETF during the 4th quarter worth $851,000. Tudor Investment Corp ET AL increased its position in shares of Fidelity MSCI Energy Index ETF by 196.5% in the 4th quarter. Tudor Investment Corp ET AL now owns 62,491 shares of the company’s stock worth $1,548,000 after purchasing an additional 41,413 shares during the last quarter. Finally, Align Financial LLC acquired a new stake in shares of Fidelity MSCI Energy Index ETF in the 4th quarter valued at about $887,000.

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.