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

Fidelity Enhanced International ETF (NYSEARCA:FENI)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $36.84 and last traded at $36.7470, with a volume of 790942 shares. The stock had previously closed at $36.77.

Fidelity Enhanced International ETF Trading Down 0.4%

The firm’s fifty day moving average price is $35.84 and its 200-day moving average price is $34.69. The company has a market cap of $4.95 billion, a P/E ratio of 14.82 and a beta of 0.50.

Institutional Trading of Fidelity Enhanced International ETF

Several institutional investors have recently modified their holdings of the company. Grey Fox Wealth Advisors LLC acquired a new position in Fidelity Enhanced International ETF during the third quarter worth $38,000. Armor Investment Advisors LLC bought a new stake in shares of Fidelity Enhanced International ETF in the 2nd quarter worth about $60,000. Farther Finance Advisors LLC lifted its holdings in Fidelity Enhanced International ETF by 52.0% during the 2nd 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 during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Fidelity Enhanced International ETF by 386.2% during 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 last quarter. Finally, AE Wealth Management LLC boosted its position in Fidelity Enhanced International ETF by 53.8% in the third quarter. AE Wealth Management LLC now owns 2,231 shares of the company’s stock valued at $79,000 after buying an additional 780 shares in the last quarter.

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.