NewEdge Advisors LLC grew its stake in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM – Free Report) by 73.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 143,837 shares of the company’s stock after acquiring an additional 60,733 shares during the quarter. NewEdge Advisors LLC owned about 2.18% of Fidelity Emerging Markets Multifactor ETF worth $5,226,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Elyxium Wealth LLC bought a new position in shares of Fidelity Emerging Markets Multifactor ETF in the fourth quarter worth $35,000. Fifth Third Bancorp bought a new stake in Fidelity Emerging Markets Multifactor ETF during the first quarter worth about $51,000. Waverly Advisors LLC bought a new stake in Fidelity Emerging Markets Multifactor ETF during the first quarter worth about $502,000. IFP Advisors Inc grew its stake in Fidelity Emerging Markets Multifactor ETF by 54,215.8% during the fourth quarter. IFP Advisors Inc now owns 20,640 shares of the company’s stock worth $637,000 after buying an additional 20,602 shares in the last quarter. Finally, Cassilly Financial Group LLC grew its stake in Fidelity Emerging Markets Multifactor ETF by 23.5% during the second quarter. Cassilly Financial Group LLC now owns 30,705 shares of the company’s stock worth $1,116,000 after buying an additional 5,851 shares in the last quarter.
Fidelity Emerging Markets Multifactor ETF Stock Down 1.9%
FDEM stock opened at $35.91 on Tuesday. Fidelity Emerging Markets Multifactor ETF has a 12 month low of $29.11 and a 12 month high of $38.32. The firm has a market cap of $237.01 million, a P/E ratio of 11.96 and a beta of 0.54. The company’s 50-day moving average price is $35.62 and its two-hundred day moving average price is $35.04.
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.
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