FinArc Investments Inc. Invests $6.07 Million in Fidelity Enhanced International ETF $FENI

FinArc Investments Inc. bought a new position in shares of Fidelity Enhanced International ETF (NYSEARCA:FENI) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 163,082 shares of the company’s stock, valued at approximately $6,067,000. Fidelity Enhanced International ETF comprises 5.8% of FinArc Investments Inc.’s portfolio, making the stock its 2nd biggest position. FinArc Investments Inc. owned about 0.07% of Fidelity Enhanced International ETF at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Your Advocates Ltd. LLP bought a new position in shares of Fidelity Enhanced International ETF during the 1st quarter valued at about $31,000. GHP Investment Advisors Inc. purchased a new position in shares of Fidelity Enhanced International ETF during the first quarter valued at about $33,000. Decker Retirement Planning Inc. bought a new stake in shares of Fidelity Enhanced International ETF in the first quarter worth about $39,000. Archer Investment Corp increased its holdings in shares of Fidelity Enhanced International ETF by 244.5% in the first quarter. Archer Investment Corp now owns 1,106 shares of the company’s stock worth $41,000 after purchasing an additional 785 shares during the last quarter. Finally, Meramec Financial Planners LLC bought a new stake in shares of Fidelity Enhanced International ETF in the first quarter worth about $52,000.

Fidelity Enhanced International ETF Trading Up 3.0%

NYSEARCA:FENI opened at $40.81 on Friday. The business’s 50-day moving average is $40.06 and its 200 day moving average is $39.26. Fidelity Enhanced International ETF has a 12 month low of $32.44 and a 12 month high of $41.16. The company has a market capitalization of $10.88 billion, a P/E ratio of 14.82 and a beta of 0.55.

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.