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

Fidelity Enhanced International ETF (NYSEARCA:FENI) shares hit a new 52-week high on Wednesday . The company traded as high as $40.84 and last traded at $40.8450, with a volume of 592280 shares trading hands. The stock had previously closed at $40.35.

Fidelity Enhanced International ETF Stock Performance

The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 14.82 and a beta of 0.50. The business has a fifty day moving average price of $38.31 and a 200 day moving average price of $36.33.

Institutional Investors Weigh In On Fidelity Enhanced International ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity Enhanced International ETF by 366.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,550,323 shares of the company’s stock valued at $151,344,000 after purchasing an additional 3,574,976 shares in the last quarter. Osaic Holdings Inc. raised its holdings in Fidelity Enhanced International ETF by 151.2% in the fourth quarter. Osaic Holdings Inc. now owns 4,375,550 shares of the company’s stock valued at $160,085,000 after buying an additional 2,633,659 shares during the period. Wells Fargo & Company MN lifted its position in Fidelity Enhanced International ETF by 105.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,541,258 shares of the company’s stock valued at $166,119,000 after buying an additional 2,325,511 shares in the last quarter. Jane Street Group LLC grew its stake in Fidelity Enhanced International ETF by 579.0% during the fourth quarter. Jane Street Group LLC now owns 2,600,000 shares of the company’s stock worth $95,108,000 after buying an additional 2,217,067 shares during the period. Finally, Cetera Investment Advisers grew its stake in Fidelity Enhanced International ETF by 276.4% during the fourth quarter. Cetera Investment Advisers now owns 2,961,266 shares of the company’s stock worth $108,323,000 after buying an additional 2,174,512 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.