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

Fidelity Enhanced International ETF (NYSEARCA:FENI)’s share price reached a new 52-week high on Thursday . The stock traded as high as $38.31 and last traded at $38.0260, with a volume of 1011 shares traded. The stock had previously closed at $37.85.

Fidelity Enhanced International ETF Stock Up 0.4%

The firm has a market capitalization of $6.63 billion, a PE ratio of 14.82 and a beta of 0.50. The company has a 50-day moving average of $36.60 and a 200 day moving average of $35.32.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its position in Fidelity Enhanced International ETF by 74.7% during 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. Commonwealth Equity Services LLC lifted its holdings in shares of Fidelity Enhanced International ETF by 81.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,109,577 shares of the company’s stock worth $144,986,000 after acquiring an additional 1,846,297 shares during the last quarter. Fragasso Financial Advisors Inc grew its position in Fidelity Enhanced International ETF by 1.9% in the fourth quarter. Fragasso Financial Advisors Inc now owns 2,467,211 shares of the company’s stock worth $90,251,000 after acquiring an additional 44,916 shares in the last quarter. Syntegra Private Wealth Group LLC grew its position in Fidelity Enhanced International ETF by 9.4% in the third quarter. Syntegra Private Wealth Group LLC now owns 2,275,130 shares of the company’s stock worth $80,267,000 after acquiring an additional 195,847 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in 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 acquiring an additional 1,445,409 shares during the last quarter.

Fidelity Enhanced International ETF Company Profile

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.