Fidelity Enhanced International ETF (NYSEARCA:FENI) Hits New 1-Year High – Still a Buy?

Fidelity Enhanced International ETF (NYSEARCA:FENI)’s share price reached a new 52-week high on Wednesday . The company traded as high as $40.84 and last traded at $40.8450, with a volume of 592280 shares. The stock had previously closed at $40.35.

Fidelity Enhanced International ETF Price Performance

The stock has a market capitalization of $7.38 billion, a P/E ratio of 14.82 and a beta of 0.50. The firm has a fifty day moving average price of $38.58 and a two-hundred day moving average price of $36.44.

Institutional Trading of Fidelity Enhanced International ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity Enhanced International ETF by 22.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,715,353 shares of the company’s stock worth $355,388,000 after acquiring an additional 1,764,509 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Fidelity Enhanced International ETF by 18.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,862,451 shares of the company’s stock valued at $177,868,000 after purchasing an additional 752,874 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Fidelity Enhanced International ETF by 105.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,541,258 shares of the company’s stock worth $166,119,000 after acquiring an additional 2,325,511 shares during the period. Osaic Holdings Inc. grew its position in shares of Fidelity Enhanced International ETF by 151.2% during the 4th quarter. Osaic Holdings Inc. now owns 4,375,550 shares of the company’s stock valued at $160,085,000 after acquiring an additional 2,633,659 shares during the period. Finally, LPL Financial LLC raised its holdings in Fidelity Enhanced International ETF by 43.1% in the 4th quarter. LPL Financial LLC now owns 4,125,590 shares of the company’s stock worth $150,914,000 after purchasing an additional 1,242,471 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.