Fidelity Enhanced International ETF (NYSEARCA:FENI) Shares Cross Above 200 Day Moving Average – Here’s Why

Fidelity Enhanced International ETF (NYSEARCA:FENI) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $39.74 and traded as high as $40.36. Fidelity Enhanced International ETF shares last traded at $40.34, with a volume of 1,883,813 shares trading hands.

Fidelity Enhanced International ETF Trading Up 2.2%

The stock has a market capitalization of $11.80 billion, a P/E ratio of 16.18 and a beta of 0.57. The stock has a 50 day moving average of $40.27 and a 200-day moving average of $39.74.

Hedge Funds Weigh In On Fidelity Enhanced International ETF

A number of large investors have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. increased its stake in Fidelity Enhanced International ETF by 95.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 597,385 shares of the company’s stock worth $23,973,000 after buying an additional 292,090 shares in the last quarter. McGlone Suttner Wealth Management Inc. lifted its position in shares of Fidelity Enhanced International ETF by 4.5% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 533,468 shares of the company’s stock worth $21,291,000 after buying an additional 22,983 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Fidelity Enhanced International ETF in the 2nd quarter valued at approximately $1,527,000. Capital Analysts LLC raised its position in Fidelity Enhanced International ETF by 58.6% in the second quarter. Capital Analysts LLC now owns 138,685 shares of the company’s stock worth $5,566,000 after acquiring an additional 51,242 shares in the last quarter. Finally, Sentinel Advisory Group LLC purchased a new stake in shares of Fidelity Enhanced International ETF during the 1st quarter worth approximately $9,497,000.

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.