Fidelity Enhanced International ETF (NYSEARCA:FENI) Reaches New 52-Week High – Should You Buy?

Fidelity Enhanced International ETF (NYSEARCA:FENI) reached a new 52-week high during trading on Tuesday . The company traded as high as $36.79 and last traded at $36.7750, with a volume of 156630 shares changing hands. The stock had previously closed at $36.54.

Fidelity Enhanced International ETF Trading Up 0.5%

The stock has a market cap of $4.95 billion, a PE ratio of 14.82 and a beta of 0.50. The firm’s 50-day moving average price is $35.73 and its two-hundred day moving average price is $34.58.

Institutional Investors Weigh In On Fidelity Enhanced International ETF

Hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC grew its stake in Fidelity Enhanced International ETF by 28.4% in the first quarter. HighTower Advisors LLC now owns 28,123 shares of the company’s stock valued at $837,000 after purchasing an additional 6,221 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Fidelity Enhanced International ETF by 30.7% in the 1st quarter. Raymond James Financial Inc. now owns 673,024 shares of the company’s stock valued at $20,029,000 after buying an additional 158,198 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Fidelity Enhanced International ETF by 74.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 975,347 shares of the company’s stock worth $29,026,000 after buying an additional 415,101 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Fidelity Enhanced International ETF by 149.8% during the 1st quarter. Jane Street Group LLC now owns 348,369 shares of the company’s stock worth $10,367,000 after acquiring an additional 208,895 shares in the last quarter. Finally, WCG Wealth Advisors LLC purchased a new stake in Fidelity Enhanced International ETF during the first quarter valued at approximately $627,000.

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.