Kovack Advisors Inc. Boosts Holdings in Fidelity Enhanced International ETF (NYSEARCA:FENI)

Kovack Advisors Inc. raised its stake in Fidelity Enhanced International ETF (NYSEARCA:FENI) by 260.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,217 shares of the company’s stock after acquiring an additional 17,499 shares during the quarter. Kovack Advisors Inc.’s holdings in Fidelity Enhanced International ETF were worth $667,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Jane Street Group LLC bought a new position in Fidelity Enhanced International ETF in the third quarter valued at $16,935,000. Pallas Capital Advisors LLC purchased a new stake in shares of Fidelity Enhanced International ETF in the 4th quarter worth about $14,646,000. Choreo LLC purchased a new stake in shares of Fidelity Enhanced International ETF in the 4th quarter worth about $10,572,000. KFG Wealth Management LLC lifted 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 acquiring an additional 228,692 shares during the period. Finally, Dahring Cusmano LLC bought a new stake in Fidelity Enhanced International ETF during the fourth quarter worth about $4,425,000.

Fidelity Enhanced International ETF Price Performance

NYSEARCA:FENI opened at $29.79 on Friday. Fidelity Enhanced International ETF has a one year low of $26.72 and a one year high of $30.50. The company’s 50-day simple moving average is $28.60 and its 200 day simple moving average is $28.89. The firm has a market capitalization of $1.55 billion, a P/E ratio of 12.54 and a beta of 0.68.

Fidelity Enhanced International ETF 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.