Fidelity Enhanced International ETF (NYSEARCA:FENI) Hits New 52-Week High – What’s Next?

Fidelity Enhanced International ETF (NYSEARCA:FENI) shares reached a new 52-week high on Monday . The company traded as high as $36.84 and last traded at $36.7470, with a volume of 790942 shares traded. The stock had previously closed at $36.77.

Fidelity Enhanced International ETF Stock Performance

The company’s 50-day moving average price is $35.89 and its 200 day moving average price is $34.74. The stock has a market capitalization of $4.96 billion, a P/E ratio of 14.82 and a beta of 0.50.

Hedge Funds Weigh In On Fidelity Enhanced International ETF

A number of hedge funds have recently made changes to their positions in FENI. Janney Montgomery Scott LLC lifted its holdings in shares of Fidelity Enhanced International ETF by 6.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 221,896 shares of the company’s stock valued at $7,380,000 after acquiring an additional 12,678 shares during the last quarter. Barnes Pettey Financial Advisors LLC bought a new stake in Fidelity Enhanced International ETF during the second quarter worth approximately $985,000. Orrstown Financial Services Inc. raised its position in Fidelity Enhanced International ETF by 9.3% during the third quarter. Orrstown Financial Services Inc. now owns 1,405,343 shares of the company’s stock valued at $49,581,000 after purchasing an additional 119,130 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Fidelity Enhanced International ETF by 531.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 237,707 shares of the company’s stock valued at $7,906,000 after purchasing an additional 200,082 shares during the last quarter. Finally, CW Advisors LLC lifted its stake in shares of Fidelity Enhanced International ETF by 208.9% in the 2nd quarter. CW Advisors LLC now owns 343,728 shares of the company’s stock valued at $11,432,000 after purchasing an additional 232,438 shares during the last quarter.

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.