Waverly Advisors LLC purchased a new stake in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM – Free Report) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 15,893 shares of the company’s stock, valued at approximately $502,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans bought a new position in shares of Fidelity Emerging Markets Multifactor ETF during the fourth quarter worth about $44,762,000. Osaic Holdings Inc. lifted its stake in shares of Fidelity Emerging Markets Multifactor ETF by 298.3% in the fourth quarter. Osaic Holdings Inc. now owns 422,739 shares of the company’s stock worth $13,059,000 after acquiring an additional 316,594 shares during the period. Storgate LLC bought a new stake in Fidelity Emerging Markets Multifactor ETF in the fourth quarter valued at approximately $9,421,000. Salus Financial Advisors LLC boosted its holdings in Fidelity Emerging Markets Multifactor ETF by 0.5% in the fourth quarter. Salus Financial Advisors LLC now owns 283,475 shares of the company’s stock valued at $8,754,000 after acquiring an additional 1,374 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its position in Fidelity Emerging Markets Multifactor ETF by 10.3% during the 1st quarter. Kestra Advisory Services LLC now owns 207,746 shares of the company’s stock valued at $6,561,000 after purchasing an additional 19,389 shares during the period.
Fidelity Emerging Markets Multifactor ETF Stock Performance
BATS:FDEM opened at $34.81 on Monday. Fidelity Emerging Markets Multifactor ETF has a fifty-two week low of $28.00 and a fifty-two week high of $38.32. The company has a 50 day simple moving average of $35.95 and a two-hundred day simple moving average of $34.50. The company has a market capitalization of $229.75 million, a PE ratio of 11.96 and a beta of 0.54.
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.
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Want to see what other hedge funds are holding FDEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Emerging Markets Multifactor ETF (BATS:FDEM – Free Report).
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