Fmr LLC Grows Position in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM)

Fmr LLC raised its holdings in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 151.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,108 shares of the company’s stock after acquiring an additional 668 shares during the quarter. Fmr LLC’s holdings in Fidelity Emerging Markets Multifactor ETF were worth $30,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in FDEM. Larson Financial Group LLC acquired a new stake in Fidelity Emerging Markets Multifactor ETF in the third quarter valued at $26,000. Farther Finance Advisors LLC lifted its holdings in shares of Fidelity Emerging Markets Multifactor ETF by 491.0% in the second quarter. Farther Finance Advisors LLC now owns 10,023 shares of the company’s stock valued at $257,000 after purchasing an additional 8,327 shares in the last quarter. Birchcreek Wealth Management LLC acquired a new stake in shares of Fidelity Emerging Markets Multifactor ETF in the second quarter valued at approximately $349,000. McAdam LLC purchased a new position in shares of Fidelity Emerging Markets Multifactor ETF during the 3rd quarter worth approximately $908,000. Finally, Merkkuri Wealth Advisors LLC raised its position in shares of Fidelity Emerging Markets Multifactor ETF by 14.2% during the 3rd quarter. Merkkuri Wealth Advisors LLC now owns 61,031 shares of the company’s stock worth $1,651,000 after purchasing an additional 7,571 shares during the last quarter.

Fidelity Emerging Markets Multifactor ETF Stock Performance

BATS FDEM opened at $25.65 on Thursday. The firm has a market capitalization of $61.56 million, a PE ratio of 8.18 and a beta of 0.68. The business has a fifty day moving average of $26.10 and a two-hundred day moving average of $26.06.

About Fidelity Emerging Markets Multifactor ETF

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.