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

Fidelity Enhanced International ETF (NYSEARCA:FENI) reached a new 52-week high on Tuesday . The stock traded as high as $41.16 and last traded at $41.12, with a volume of 182102 shares traded. The stock had previously closed at $40.79.

Fidelity Enhanced International ETF Stock Performance

The stock has a market capitalization of $11.14 billion, a P/E ratio of 14.82 and a beta of 0.55. The stock has a 50-day moving average price of $40.13 and a two-hundred day moving average price of $39.35.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FENI. Royal Bank of Canada lifted its position in shares of Fidelity Enhanced International ETF by 353.0% in the 1st quarter. Royal Bank of Canada now owns 16,340 shares of the company’s stock worth $486,000 after purchasing an additional 12,733 shares during the period. Jane Street Group LLC raised its stake in Fidelity Enhanced International ETF by 149.8% in the first quarter. Jane Street Group LLC now owns 348,369 shares of the company’s stock worth $10,367,000 after buying an additional 208,895 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Fidelity Enhanced International ETF by 2,638.5% in the second quarter. JPMorgan Chase & Co. now owns 184,490 shares of the company’s stock worth $6,136,000 after buying an additional 177,753 shares during the period. HUB Investment Partners LLC lifted its holdings in Fidelity Enhanced International ETF by 4.3% in the second quarter. HUB Investment Partners LLC now owns 10,061 shares of the company’s stock worth $335,000 after buying an additional 414 shares during the period. Finally, Betterment LLC purchased a new stake in Fidelity Enhanced International ETF in the second quarter worth about $694,000.

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.