Fidelity Enhanced International ETF (NYSEARCA:FENI) Sees Large Volume Increase – Time to Buy?

Fidelity Enhanced International ETF (NYSEARCA:FENI) saw unusually-high trading volume on Friday . Approximately 439,489 shares were traded during mid-day trading, an increase of 150% from the previous session’s volume of 175,799 shares.The stock last traded at $30.57 and had previously closed at $30.07.

Fidelity Enhanced International ETF Stock Performance

The stock has a market capitalization of $2.12 billion, a P/E ratio of 16.33 and a beta of 0.68. The firm has a 50-day moving average price of $29.15 and a 200 day moving average price of $28.98.

Hedge Funds Weigh In On Fidelity Enhanced International ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC boosted its stake in shares of Fidelity Enhanced International ETF by 2.6% during the fourth quarter. FMR LLC now owns 21,901,424 shares of the company’s stock valued at $602,946,000 after purchasing an additional 545,417 shares during the period. Fragasso Financial Advisors Inc raised its holdings in Fidelity Enhanced International ETF by 9.5% during the 4th quarter. Fragasso Financial Advisors Inc now owns 1,557,641 shares of the company’s stock valued at $42,882,000 after buying an additional 135,679 shares during the last quarter. KFG Wealth Management LLC boosted its position in Fidelity Enhanced International ETF by 34.6% during the 4th quarter. KFG Wealth Management LLC now owns 889,786 shares of the company’s stock valued at $24,496,000 after buying an additional 228,692 shares during the period. Commonwealth Equity Services LLC grew its holdings in Fidelity Enhanced International ETF by 11.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 835,702 shares of the company’s stock worth $23,007,000 after acquiring an additional 84,066 shares during the last quarter. Finally, Orrstown Financial Services Inc. increased its position in shares of Fidelity Enhanced International ETF by 23.6% in the fourth quarter. Orrstown Financial Services Inc. now owns 628,247 shares of the company’s stock valued at $17,296,000 after acquiring an additional 120,119 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.