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

Shares of Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) reached a new 52-week high on Tuesday . The company traded as high as $35.29 and last traded at $35.05, with a volume of 265784 shares traded. The stock had previously closed at $34.74.

Fidelity MSCI Energy Index ETF Stock Performance

The stock has a market cap of $2.14 billion, a P/E ratio of 15.17 and a beta of 0.43. The firm has a 50-day moving average price of $31.70 and a 200-day moving average price of $31.74.

Hedge Funds Weigh In On Fidelity MSCI Energy Index ETF

Institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG purchased a new stake in Fidelity MSCI Energy Index ETF during the 4th quarter valued at about $25,000. Principia Wealth Advisory LLC raised its holdings in Fidelity MSCI Energy Index ETF by 2,961.0% in the fourth quarter. Principia Wealth Advisory LLC now owns 1,255 shares of the company’s stock worth $31,000 after buying an additional 1,214 shares during the last quarter. Godfrey Financial Associates Inc. bought a new position in shares of Fidelity MSCI Energy Index ETF in the fourth quarter worth approximately $49,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Fidelity MSCI Energy Index ETF in the third quarter worth approximately $54,000. Finally, Advisors Preferred LLC purchased a new stake in shares of Fidelity MSCI Energy Index ETF during the first quarter valued at approximately $59,000.

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.