Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Sees Large Volume Increase – Here’s Why

Shares of Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) saw an uptick in trading volume on Tuesday . 1,273,788 shares were traded during trading, an increase of 37% from the previous session’s volume of 927,095 shares.The stock last traded at $26.10 and had previously closed at $26.16.

Fidelity MSCI Energy Index ETF Stock Performance

The business has a fifty day simple moving average of $25.08 and a 200-day simple moving average of $24.82. The stock has a market capitalization of $1.89 billion, a P/E ratio of 8.27 and a beta of 0.50.

Hedge Funds Weigh In On Fidelity MSCI Energy Index ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Prairie Wealth Advisors Inc. boosted its holdings in Fidelity MSCI Energy Index ETF by 5.1% in the second quarter. Prairie Wealth Advisors Inc. now owns 29,650 shares of the company’s stock worth $744,000 after acquiring an additional 1,430 shares in the last quarter. Creative Planning raised its position in shares of Fidelity MSCI Energy Index ETF by 4.6% during the second quarter. Creative Planning now owns 25,995 shares of the company’s stock worth $652,000 after purchasing an additional 1,148 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fidelity MSCI Energy Index ETF by 1.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 787,675 shares of the company’s stock worth $19,763,000 after purchasing an additional 9,060 shares in the last quarter. NewEdge Advisors LLC grew its position in Fidelity MSCI Energy Index ETF by 11.9% in the 2nd quarter. NewEdge Advisors LLC now owns 168,957 shares of the company’s stock valued at $4,239,000 after purchasing an additional 17,922 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in Fidelity MSCI Energy Index ETF by 4.7% during the 2nd quarter. Sunbelt Securities Inc. now owns 38,138 shares of the company’s stock valued at $957,000 after purchasing an additional 1,705 shares in 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.