Kovack Advisors Inc. Invests $203,000 in Fidelity Enhanced International ETF (NYSEARCA:FENI)

Kovack Advisors Inc. acquired a new stake in Fidelity Enhanced International ETF (NYSEARCA:FENI) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 6,718 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds have also recently bought and sold shares of FENI. Fragasso Financial Advisors Inc boosted its position in Fidelity Enhanced International ETF by 25.9% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 1,421,962 shares of the company’s stock valued at $43,057,000 after buying an additional 292,412 shares during the period. AlphaStar Capital Management LLC purchased a new position in Fidelity Enhanced International ETF in the second quarter valued at $30,984,000. Commonwealth Equity Services LLC grew its stake in Fidelity Enhanced International ETF by 38.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 842,972 shares of the company’s stock worth $23,890,000 after purchasing an additional 232,671 shares in the last quarter. Orrstown Financial Services Inc. grew its stake in Fidelity Enhanced International ETF by 3,563.8% during the 3rd quarter. Orrstown Financial Services Inc. now owns 508,128 shares of the company’s stock worth $15,386,000 after purchasing an additional 494,259 shares in the last quarter. Finally, Gerber LLC increased its holdings in Fidelity Enhanced International ETF by 1.6% during the 2nd quarter. Gerber LLC now owns 436,299 shares of the company’s stock worth $12,365,000 after purchasing an additional 6,782 shares during the period.

Fidelity Enhanced International ETF Stock Performance

Shares of FENI opened at $27.83 on Friday. Fidelity Enhanced International ETF has a 1 year low of $24.88 and a 1 year high of $30.50. The stock has a market capitalization of $1.45 billion, a PE ratio of 12.54 and a beta of 0.68. The stock has a 50-day simple moving average of $29.28 and a 200-day simple moving average of $28.99.

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.