Rainier Family Wealth Inc. Invests $3.54 Million in Fidelity Enhanced International ETF $FENI

Rainier Family Wealth Inc. acquired a new stake in Fidelity Enhanced International ETF (NYSEARCA:FENI) during the first quarter, Holdings Channel.com reports. The firm acquired 95,097 shares of the company’s stock, valued at approximately $3,538,000. Fidelity Enhanced International ETF accounts for 2.4% of Rainier Family Wealth Inc.’s portfolio, making the stock its 13th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Allworth Financial LP grew its stake in Fidelity Enhanced International ETF by 21.1% during the fourth quarter. Allworth Financial LP now owns 1,679 shares of the company’s stock worth $61,000 after purchasing an additional 292 shares during the period. Sovran Advisors LLC lifted its stake in Fidelity Enhanced International ETF by 5.0% in the fourth quarter. Sovran Advisors LLC now owns 7,260 shares of the company’s stock valued at $276,000 after buying an additional 347 shares during the period. Clarity Asset Management Inc. lifted its stake in Fidelity Enhanced International ETF by 1.6% in the fourth quarter. Clarity Asset Management Inc. now owns 22,582 shares of the company’s stock valued at $826,000 after buying an additional 350 shares during the period. HUB Investment Partners LLC lifted its stake in Fidelity Enhanced International ETF by 4.3% in the second quarter. HUB Investment Partners LLC now owns 10,061 shares of the company’s stock valued at $335,000 after buying an additional 414 shares during the period. Finally, Lido Advisors LLC boosted its holdings in shares of Fidelity Enhanced International ETF by 0.5% during the 4th quarter. Lido Advisors LLC now owns 84,811 shares of the company’s stock worth $2,993,000 after buying an additional 449 shares in the last quarter.

Fidelity Enhanced International ETF Stock Up 0.4%

Shares of FENI stock opened at $40.48 on Tuesday. The company has a market cap of $9.39 billion, a price-to-earnings ratio of 14.82 and a beta of 0.55. Fidelity Enhanced International ETF has a 52 week low of $31.80 and a 52 week high of $41.16. The firm has a 50 day moving average of $39.75 and a 200-day moving average of $38.61.

Fidelity Enhanced International ETF 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.