Heck Capital Advisors LLC Takes $35,000 Position in Fidelity Enhanced International ETF (NYSEARCA:FENI)
Heck Capital Advisors LLC has recently reported a new investment in the Fidelity Enhanced International ETF (NYSEARCA:FENI) during the fourth quarter of the previous year. According to filings made with the Securities and Exchange Commission (SEC), Heck Capital Advisors acquired a total of 1,267 shares of the ETF, which amounts to a value of approximately $35,000.
In addition to Heck Capital Advisors, several other institutional investors have also altered their positions in the Fidelity Enhanced International ETF. For example, Atmos Advisory LLC initiated a new stake in the ETF valued at $30,000 during the same fourth quarter. Furthermore, Milestone Investment Advisors LLC made a significant move in the third quarter when they invested $39,000 in the Fidelity ETF. Additionally, Farther Finance Advisors LLC increased their holdings by 77.1% during the third quarter, bringing their total ownership to 1,305 shares valued at $40,000 after purchasing an extra 568 shares in that period. MidAtlantic Capital Management Inc. also entered the market with a new investment worth $48,000 during the third quarter. Notably, Geneos Wealth Management Inc. made a more substantial acquisition in the fourth quarter, investing $142,000 in the same ETF.
Fidelity Enhanced International ETF Performance Overview
On the trading day that followed these disclosures, the Fidelity Enhanced International ETF opened at a price of $28.51. The ETF has demonstrated a fifty-day moving average of $28.15 and a two-hundred day moving average of $28.71. At present, the ETF boasts a market capitalization of $1.48 billion, a price-to-earnings (PE) ratio of 12.54, and a beta of 0.68, which indicates that it has exhibited lower volatility relative to the overall market. Over the past year, the ETF has reached a low of $26.31 and a high of $30.50, highlighting some volatility in its price trends.
Understanding Fidelity Enhanced International ETF
The Fidelity Enhanced International ETF (FENI) is an actively managed exchange-traded fund that primarily focuses on investments in total market equity. This ETF targets companies across various capitalizations located in developed international markets, explicitly excluding companies based in the United States and Canada. Its investment strategy involves utilizing computer-aided analysis to select stocks that belong to the MSCI EAFE Index, which represents global equities from developed markets outside of North America.
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