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

Fidelity Enhanced International ETF (NYSEARCA:FENIGet Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $30.66 and last traded at $30.65, with a volume of 14191 shares trading hands. The stock had previously closed at $30.12.

Fidelity Enhanced International ETF Stock Up 1.6 %

The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 12.54 and a beta of 0.68. The stock’s 50 day moving average is $28.75 and its 200 day moving average is $28.93.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FENI. Creative Planning grew its position in Fidelity Enhanced International ETF by 25.2% in the third quarter. Creative Planning now owns 10,404 shares of the company’s stock worth $315,000 after buying an additional 2,095 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Fidelity Enhanced International ETF in the third quarter worth approximately $302,000. Farther Finance Advisors LLC grew its position in Fidelity Enhanced International ETF by 77.1% in the third quarter. Farther Finance Advisors LLC now owns 1,305 shares of the company’s stock worth $40,000 after buying an additional 568 shares during the last quarter. Milestone Investment Advisors LLC acquired a new position in Fidelity Enhanced International ETF in the third quarter worth approximately $39,000. Finally, Sigma Planning Corp acquired a new position in Fidelity Enhanced International ETF in the third quarter worth approximately $282,000.

About Fidelity Enhanced International ETF

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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.

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