Fidelity Enhanced International ETF (NYSEARCA:FENI) Sets New 1-Year High – Time to Buy?

Fidelity Enhanced International ETF (NYSEARCA:FENI) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $42.09 and last traded at $42.06, with a volume of 108373 shares traded. The stock had previously closed at $41.95.

Fidelity Enhanced International ETF Stock Performance

The company has a 50-day moving average of $40.35 and a 200 day moving average of $39.53. The firm has a market cap of $11.30 billion, a P/E ratio of 14.82 and a beta of 0.55.

Institutional Investors Weigh In On Fidelity Enhanced International ETF

Several institutional investors and hedge funds have recently made changes to their positions in FENI. Gibson Capital LLC lifted its holdings in Fidelity Enhanced International ETF by 4.6% during the 1st quarter. Gibson Capital LLC now owns 6,403 shares of the company’s stock worth $238,000 after buying an additional 284 shares in the last quarter. Allworth Financial LP increased its stake in shares of Fidelity Enhanced International ETF by 21.1% in the 4th quarter. Allworth Financial LP now owns 1,679 shares of the company’s stock valued at $61,000 after buying an additional 292 shares during the period. Sovran Advisors LLC raised its position in shares of Fidelity Enhanced International ETF by 4.2% during the first quarter. Sovran Advisors LLC now owns 7,564 shares of the company’s stock worth $297,000 after acquiring an additional 304 shares during the last quarter. Clarity Asset Management Inc. raised its position in shares of Fidelity Enhanced International ETF by 1.6% during the fourth quarter. Clarity Asset Management Inc. now owns 22,582 shares of the company’s stock worth $826,000 after acquiring an additional 350 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of Fidelity Enhanced International ETF by 2.5% during the second quarter. Dynamic Advisor Solutions LLC now owns 14,772 shares of the company’s stock valued at $593,000 after acquiring an additional 365 shares during the period.

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.