Fidelity Enhanced International ETF (NYSEARCA:FENI) Sets New 12-Month High – What’s Next?

Fidelity Enhanced International ETF (NYSEARCA:FENI) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $31.01 and last traded at $30.99, with a volume of 227676 shares traded. The stock had previously closed at $30.61.

Fidelity Enhanced International ETF Stock Performance

The business’s fifty day moving average is $29.34 and its 200-day moving average is $28.99. The firm has a market cap of $2.14 billion, a P/E ratio of 16.33 and a beta of 0.68.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Pinney & Scofield Inc. acquired a new stake in Fidelity Enhanced International ETF during the 4th quarter worth about $28,000. Atmos Advisory LLC bought a new stake in shares of Fidelity Enhanced International ETF during the 4th quarter valued at about $30,000. Heck Capital Advisors LLC acquired a new stake in Fidelity Enhanced International ETF during the fourth quarter worth approximately $35,000. MidAtlantic Capital Management Inc. bought a new stake in Fidelity Enhanced International ETF in the third quarter worth approximately $48,000. Finally, Harbour Investments Inc. increased its holdings in Fidelity Enhanced International ETF by 55.1% in the fourth quarter. Harbour Investments Inc. now owns 2,414 shares of the company’s stock worth $66,000 after purchasing an additional 858 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.