JPMorgan Chase & Co. Sells 41,229 Shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM)

JPMorgan Chase & Co. cut its stake in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 78.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,103 shares of the company’s stock after selling 41,229 shares during the quarter. JPMorgan Chase & Co. owned about 0.46% of Fidelity Emerging Markets Multifactor ETF worth $300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FDEM. Sunbelt Securities Inc. boosted its position in shares of Fidelity Emerging Markets Multifactor ETF by 4.5% during the third quarter. Sunbelt Securities Inc. now owns 83,147 shares of the company’s stock valued at $2,249,000 after purchasing an additional 3,560 shares in the last quarter. Merkkuri Wealth Advisors LLC grew its position in shares of Fidelity Emerging Markets Multifactor ETF by 14.2% in the 3rd quarter. Merkkuri Wealth Advisors LLC now owns 61,031 shares of the company’s stock worth $1,651,000 after buying an additional 7,571 shares during the period. McAdam LLC purchased a new stake in shares of Fidelity Emerging Markets Multifactor ETF in the 3rd quarter worth about $908,000. Farther Finance Advisors LLC increased its stake in shares of Fidelity Emerging Markets Multifactor ETF by 27.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,766 shares of the company’s stock worth $345,000 after acquiring an additional 2,743 shares in the last quarter. Finally, MML Investors Services LLC lifted its position in Fidelity Emerging Markets Multifactor ETF by 9.0% during the 3rd quarter. MML Investors Services LLC now owns 10,114 shares of the company’s stock valued at $274,000 after acquiring an additional 836 shares during the period.

Fidelity Emerging Markets Multifactor ETF Stock Up 3.9 %

Shares of BATS FDEM opened at $25.93 on Friday. The firm’s fifty day simple moving average is $25.72 and its 200 day simple moving average is $25.98. The company has a market capitalization of $62.23 million, a P/E ratio of 8.18 and a beta of 0.68.

Fidelity Emerging Markets Multifactor ETF Company 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.