Fidelity Enhanced International ETF (NYSEARCA:FENI) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Fidelity Enhanced International ETF (NYSEARCA:FENI)’s stock price passed 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.

Fidelity Enhanced International ETF Stock Performance

The company has a market cap of $11.80 billion, a price-to-earnings ratio of 16.18 and a beta of 0.57. The stock’s fifty day moving average is $40.27 and its two-hundred day moving average is $39.74.

Institutional Trading of Fidelity Enhanced International ETF

Several hedge funds have recently added to or reduced their stakes in FENI. Commonwealth Equity Services LLC bought a new stake in Fidelity Enhanced International ETF during the third quarter valued at $300,074,000. Envestnet Asset Management Inc. increased its holdings in shares of Fidelity Enhanced International ETF by 89.5% during the second quarter. Envestnet Asset Management Inc. now owns 8,917,073 shares of the company’s stock valued at $357,842,000 after acquiring an additional 4,212,434 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Fidelity Enhanced International ETF by 586.8% during the first quarter. Bank of America Corp DE now owns 3,662,354 shares of the company’s stock valued at $136,240,000 after purchasing an additional 3,129,069 shares in the last quarter. Advocacy Wealth Management LLC bought a new stake in Fidelity Enhanced International ETF during the second quarter valued at approximately $68,972,000. Finally, Cetera Investment Advisers increased its stake in Fidelity Enhanced International ETF by 43.9% in the 1st quarter. Cetera Investment Advisers now owns 4,260,462 shares of the company’s stock worth $158,489,000 after buying an additional 1,299,196 shares in the last quarter.

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.