Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Hits New 1-Year Low – Here’s Why

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY)’s stock price hit a new 52-week low on Friday . The stock traded as low as $22.61 and last traded at $22.82, with a volume of 1487 shares trading hands. The stock had previously closed at $23.71.

Fidelity MSCI Energy Index ETF Price Performance

The company has a market cap of $1.32 billion, a PE ratio of 15.44 and a beta of 0.94. The business’s 50 day moving average is $24.72 and its 200-day moving average is $24.89.

Institutional Investors Weigh In On Fidelity MSCI Energy Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FENY. New Wave Wealth Advisors LLC purchased a new stake in Fidelity MSCI Energy Index ETF during the 4th quarter worth about $27,000. Bernard Wealth Management Corp. acquired a new stake in shares of Fidelity MSCI Energy Index ETF during the 4th quarter worth about $29,000. PNC Financial Services Group Inc. lifted its stake in Fidelity MSCI Energy Index ETF by 160.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,300 shares of the company’s stock worth $31,000 after purchasing an additional 800 shares during the last quarter. Huntington National Bank purchased a new position in Fidelity MSCI Energy Index ETF in the fourth quarter valued at approximately $32,000. Finally, Global Retirement Partners LLC raised its holdings in Fidelity MSCI Energy Index ETF by 3,140.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,426 shares of the company’s stock worth $34,000 after purchasing an additional 1,382 shares in the last quarter.

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.