Pallas Capital Advisors LLC Takes $14.65 Million Position in Fidelity Enhanced International ETF (NYSEARCA:FENI)

Pallas Capital Advisors LLC bought a new position in shares of Fidelity Enhanced International ETF (NYSEARCA:FENI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 532,011 shares of the company’s stock, valued at approximately $14,646,000. Fidelity Enhanced International ETF makes up approximately 0.6% of Pallas Capital Advisors LLC’s portfolio, making the stock its 29th largest position. Pallas Capital Advisors LLC owned about 1.02% of Fidelity Enhanced International ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of FENI. Milestone Investment Advisors LLC bought a new stake in Fidelity Enhanced International ETF in the 3rd quarter valued at $39,000. Farther Finance Advisors LLC raised its position in shares of Fidelity Enhanced International ETF by 77.1% in the third quarter. Farther Finance Advisors LLC now owns 1,305 shares of the company’s stock valued at $40,000 after purchasing an additional 568 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in shares of Fidelity Enhanced International ETF during the 3rd quarter worth about $48,000. Kovack Advisors Inc. acquired a new position in Fidelity Enhanced International ETF in the 3rd quarter valued at about $203,000. Finally, Sigma Planning Corp bought a new position in Fidelity Enhanced International ETF in the 3rd quarter valued at about $282,000.

Fidelity Enhanced International ETF Stock Performance

NYSEARCA:FENI traded down $0.09 during mid-day trading on Monday, hitting $27.29. 166,308 shares of the stock were exchanged, compared to its average volume of 248,344. Fidelity Enhanced International ETF has a fifty-two week low of $25.77 and a fifty-two week high of $30.50. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 12.54 and a beta of 0.68. The firm’s 50-day simple moving average is $28.14 and its 200 day simple moving average is $28.78.

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.