Fidelity Enhanced International ETF (NYSEARCA:FENI) Sees Strong Trading Volume – Still a Buy?

Fidelity Enhanced International ETF (NYSEARCA:FENI) shares saw an uptick in trading volume on Wednesday . 1,908,087 shares were traded during mid-day trading, an increase of 148% from the previous session’s volume of 767,852 shares.The stock last traded at $36.6250 and had previously closed at $36.81.

Fidelity Enhanced International ETF Price Performance

The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 14.82 and a beta of 0.50. The company’s fifty day moving average price is $35.89 and its 200-day moving average price is $34.74.

Hedge Funds Weigh In On Fidelity Enhanced International ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Grey Fox Wealth Advisors LLC purchased a new stake in Fidelity Enhanced International ETF in the 3rd quarter worth approximately $38,000. Armor Investment Advisors LLC purchased a new position in shares of Fidelity Enhanced International ETF in the 2nd quarter valued at about $60,000. Farther Finance Advisors LLC raised its holdings in Fidelity Enhanced International ETF by 52.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,997 shares of the company’s stock worth $66,000 after purchasing an additional 683 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of 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 buying an additional 1,483 shares in the last quarter. Finally, AE Wealth Management LLC lifted its position in shares of Fidelity Enhanced International ETF by 53.8% during the 3rd 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.