USAdvisors Wealth Management LLC Purchases New Stake in Fidelity Enhanced International ETF $FENI

USAdvisors Wealth Management LLC purchased a new stake in Fidelity Enhanced International ETF (NYSEARCA:FENI) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 119,870 shares of the company’s stock, valued at approximately $4,384,000. Fidelity Enhanced International ETF accounts for about 1.4% of USAdvisors Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FENI. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Fidelity Enhanced International ETF by 74.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 7,950,844 shares of the company’s stock valued at $280,506,000 after purchasing an additional 3,400,521 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Fidelity Enhanced International ETF by 13,201.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,754,072 shares of the company’s stock valued at $64,167,000 after purchasing an additional 1,740,885 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Fidelity Enhanced International ETF by 178.7% in the third quarter. Raymond James Financial Inc. now owns 2,254,191 shares of the company’s stock valued at $79,528,000 after purchasing an additional 1,445,409 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Fidelity Enhanced International ETF in the third quarter valued at approximately $44,603,000. Finally, Financial Strategies Group Inc. acquired a new stake in shares of Fidelity Enhanced International ETF in the third quarter valued at approximately $39,960,000.

Fidelity Enhanced International ETF Stock Performance

NYSEARCA:FENI opened at $39.84 on Friday. Fidelity Enhanced International ETF has a one year low of $31.57 and a one year high of $40.90. The stock has a market cap of $9.24 billion, a PE ratio of 14.82 and a beta of 0.56. The stock has a 50 day moving average price of $38.45 and a 200 day moving average price of $37.75.

About Fidelity Enhanced International ETF

The Fidelity Enhanced International ETF (FENI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in companies of any capitalization in developed markets, excluding the US and Canada. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the MSCI EAFE Index. FENI was launched on Dec 20, 2007 and is issued by Fidelity.