IFP Advisors Inc Purchases 20,602 Shares of Fidelity Emerging Markets Multifactor ETF $FDEM

IFP Advisors Inc lifted its position in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 54,215.8% during the fourth quarter, Holdings Channel reports. The firm owned 20,640 shares of the company’s stock after acquiring an additional 20,602 shares during the period. IFP Advisors Inc’s holdings in Fidelity Emerging Markets Multifactor ETF were worth $637,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Fidelity Emerging Markets Multifactor ETF in the second quarter worth about $26,000. Elyxium Wealth LLC bought a new stake in Fidelity Emerging Markets Multifactor ETF in the fourth quarter worth about $35,000. Advisory Services Network LLC bought a new stake in Fidelity Emerging Markets Multifactor ETF in the third quarter worth about $96,000. Commons Capital LLC bought a new stake in Fidelity Emerging Markets Multifactor ETF in the fourth quarter worth about $302,000. Finally, Tanager Wealth Management LLP bought a new stake in Fidelity Emerging Markets Multifactor ETF in the fourth quarter worth about $331,000.

Fidelity Emerging Markets Multifactor ETF Stock Performance

Shares of FDEM stock opened at $35.82 on Tuesday. The firm has a market cap of $236.41 million, a price-to-earnings ratio of 11.96 and a beta of 0.54. Fidelity Emerging Markets Multifactor ETF has a 52 week low of $26.44 and a 52 week high of $37.14. The firm’s 50-day simple moving average is $33.92 and its two-hundred day simple moving average is $32.73.

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.