Fidelity Enhanced International ETF (NYSEARCA:FENI) Sees Unusually-High Trading Volume – Time to Buy?

Fidelity Enhanced International ETF (NYSEARCA:FENI) saw unusually-high trading volume on Wednesday . Approximately 1,908,087 shares were traded during trading, an increase of 148% from the previous session’s volume of 767,852 shares.The stock last traded at $36.6250 and had previously closed at $36.81.

Fidelity Enhanced International ETF Price Performance

The company’s 50-day moving average is $35.94 and its 200-day moving average is $34.77. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 14.82 and a beta of 0.50.

Institutional Trading of Fidelity Enhanced International ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Fidelity Enhanced International ETF by 33.2% in the third quarter. JPMorgan Chase & Co. now owns 245,816 shares of the company’s stock valued at $8,672,000 after acquiring an additional 61,326 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Fidelity Enhanced International ETF by 15.1% in the 3rd quarter. IFP Advisors Inc now owns 23,500 shares of the company’s stock worth $829,000 after purchasing an additional 3,082 shares during the period. Captrust Financial Advisors raised its holdings in shares of Fidelity Enhanced International ETF by 4.2% in the 3rd quarter. Captrust Financial Advisors now owns 412,883 shares of the company’s stock worth $14,566,000 after purchasing an additional 16,712 shares during the period. Advisory Services Network LLC lifted its stake in shares of Fidelity Enhanced International ETF by 4.0% in the 3rd quarter. Advisory Services Network LLC now owns 78,961 shares of the company’s stock valued at $2,786,000 after purchasing an additional 3,038 shares in the last quarter. Finally, FMA Wealth Management LLC grew its holdings in shares of Fidelity Enhanced International ETF by 38.6% during the 3rd quarter. FMA Wealth Management LLC now owns 155,496 shares of the company’s stock worth $5,486,000 after purchasing an additional 43,326 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.