Fidelity Enhanced International ETF (NYSEARCA:FENI) Hits New 1-Year High – Here’s Why

Fidelity Enhanced International ETF (NYSEARCA:FENI) reached a new 52-week high on Wednesday . The stock traded as high as $39.24 and last traded at $39.16, with a volume of 3066735 shares trading hands. The stock had previously closed at $38.45.

Fidelity Enhanced International ETF Trading Up 1.8%

The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 14.82 and a beta of 0.50. The firm has a fifty day simple moving average of $36.74 and a 200 day simple moving average of $35.42.

Hedge Funds Weigh In On Fidelity Enhanced International ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FENI. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Fidelity Enhanced International ETF during the 3rd quarter valued at about $38,000. Spire Wealth Management lifted its stake in Fidelity Enhanced International ETF by 110.9% during the fourth quarter. Spire Wealth Management now owns 1,592 shares of the company’s stock worth $58,000 after purchasing an additional 837 shares during the period. Armor Investment Advisors LLC acquired a new stake in Fidelity Enhanced International ETF during the second quarter valued at approximately $60,000. Farther Finance Advisors LLC boosted its holdings in Fidelity Enhanced International ETF by 52.0% during the second quarter. Farther Finance Advisors LLC now owns 1,997 shares of the company’s stock valued at $66,000 after purchasing an additional 683 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Fidelity Enhanced International ETF by 386.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,867 shares of the company’s stock valued at $66,000 after purchasing an additional 1,483 shares during the period.

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.