Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Hits New 12-Month High – Still a Buy?

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY)’s share price reached a new 52-week high on Monday. The company traded as high as $37.55 and last traded at $37.5530, with a volume of 149,362 shares trading hands. The stock had previously closed at $37.41.

Fidelity MSCI Energy Index ETF Stock Performance

The firm’s 50-day simple moving average is $35.34 and its 200 day simple moving average is $33.04. The stock has a market capitalization of $2.31 billion, a P/E ratio of 15.17 and a beta of 0.50.

Hedge Funds Weigh In On Fidelity MSCI Energy Index ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Certified Advisory Corp bought a new stake in shares of Fidelity MSCI Energy Index ETF during the 1st quarter worth $853,000. Lido Advisors LLC lifted its stake in shares of Fidelity MSCI Energy Index ETF by 2.3% in the 1st quarter. Lido Advisors LLC now owns 1,755,925 shares of the company’s stock valued at $59,737,000 after acquiring an additional 38,901 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in shares of Fidelity MSCI Energy Index ETF by 10.3% in the 1st quarter. Kestra Advisory Services LLC now owns 189,088 shares of the company’s stock valued at $6,433,000 after acquiring an additional 17,664 shares during the last quarter. HBW Advisory Services LLC bought a new position in shares of Fidelity MSCI Energy Index ETF in the 1st quarter valued at $622,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Fidelity MSCI Energy Index ETF during the 1st quarter valued at $682,000.

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.