Fidelity Enhanced International ETF (NYSEARCA:FENI) Hits New 12-Month High – Time to Buy?

Fidelity Enhanced International ETF (NYSEARCA:FENI)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $41.86 and last traded at $41.78, with a volume of 144491 shares traded. The stock had previously closed at $41.60.

Fidelity Enhanced International ETF Trading Up 0.2%

The stock’s 50-day moving average price is $40.21 and its 200-day moving average price is $39.43. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 14.82 and a beta of 0.55.

Hedge Funds Weigh In On Fidelity Enhanced International ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Gibson Capital LLC grew its holdings in Fidelity Enhanced International ETF by 4.6% during the 1st quarter. Gibson Capital LLC now owns 6,403 shares of the company’s stock worth $238,000 after acquiring an additional 284 shares during the period. Allworth Financial LP boosted its position in shares of Fidelity Enhanced International ETF by 21.1% during the 4th quarter. Allworth Financial LP now owns 1,679 shares of the company’s stock valued at $61,000 after purchasing an additional 292 shares in the last quarter. Sovran Advisors LLC grew its stake in Fidelity Enhanced International ETF by 4.2% during the first quarter. Sovran Advisors LLC now owns 7,564 shares of the company’s stock worth $297,000 after purchasing an additional 304 shares during the period. Clarity Asset Management Inc. grew its stake in Fidelity Enhanced International ETF by 1.6% during the fourth quarter. Clarity Asset Management Inc. now owns 22,582 shares of the company’s stock worth $826,000 after purchasing an additional 350 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its stake in Fidelity Enhanced International ETF by 2.5% during the second quarter. Dynamic Advisor Solutions LLC now owns 14,772 shares of the company’s stock worth $593,000 after purchasing an additional 365 shares during the period.

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.