2,670 Shares in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) Purchased by Ball & Co Wealth Management Inc.

Ball & Co Wealth Management Inc. acquired a new position in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,670 shares of the company’s stock, valued at approximately $67,000. Fidelity Emerging Markets Multifactor ETF makes up about 0.1% of Ball & Co Wealth Management Inc.’s investment portfolio, making the stock its 27th largest holding. Ball & Co Wealth Management Inc. owned about 0.11% of Fidelity Emerging Markets Multifactor ETF as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FDEM. RFG Advisory LLC purchased a new position in Fidelity Emerging Markets Multifactor ETF in the fourth quarter worth $338,000. Merkkuri Wealth Advisors LLC raised its stake in shares of Fidelity Emerging Markets Multifactor ETF by 0.8% during the 4th quarter. Merkkuri Wealth Advisors LLC now owns 61,534 shares of the company’s stock worth $1,553,000 after purchasing an additional 503 shares during the period. McAdam LLC raised its stake in shares of Fidelity Emerging Markets Multifactor ETF by 481.3% during the 4th quarter. McAdam LLC now owns 195,119 shares of the company’s stock worth $4,923,000 after purchasing an additional 161,552 shares during the period. Stratos Wealth Advisors LLC purchased a new position in shares of Fidelity Emerging Markets Multifactor ETF in the 4th quarter worth about $776,000. Finally, Principal Securities Inc. purchased a new position in shares of Fidelity Emerging Markets Multifactor ETF in the 4th quarter worth about $63,000.

Fidelity Emerging Markets Multifactor ETF Stock Performance

FDEM opened at $26.88 on Friday. The firm has a market cap of $172.03 million, a P/E ratio of 11.68 and a beta of 0.54. Fidelity Emerging Markets Multifactor ETF has a fifty-two week low of $22.63 and a fifty-two week high of $27.63. The firm has a 50-day moving average of $25.50 and a 200 day moving average of $25.70.

Fidelity Emerging Markets Multifactor ETF Profile

The Fidelity Emerging Markets Multifactor ETF (FDEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a multi-factored index of emerging markets companies. FDEM was launched on Feb 26, 2019 and is managed by Fidelity.