McAdam LLC Buys 158,066 Shares of Fidelity Emerging Markets Multifactor ETF $FDEM

McAdam LLC increased its stake in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 39.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 556,084 shares of the company’s stock after buying an additional 158,066 shares during the period. Fidelity Emerging Markets Multifactor ETF comprises about 0.8% of McAdam LLC’s holdings, making the stock its 22nd biggest position. McAdam LLC owned about 0.08% of Fidelity Emerging Markets Multifactor ETF worth $16,727,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Fidelity Emerging Markets Multifactor ETF during the 2nd quarter valued at approximately $26,000. Ameritas Advisory Services LLC bought a new stake in shares of Fidelity Emerging Markets Multifactor ETF in the 2nd quarter worth approximately $27,000. Harbour Investments Inc. lifted its stake in Fidelity Emerging Markets Multifactor ETF by 17.2% in the second quarter. Harbour Investments Inc. now owns 3,904 shares of the company’s stock valued at $109,000 after purchasing an additional 573 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Fidelity Emerging Markets Multifactor ETF in the second quarter valued at approximately $115,000. Finally, Intergy Private Wealth LLC bought a new position in Fidelity Emerging Markets Multifactor ETF during the third quarter valued at $214,000.

Fidelity Emerging Markets Multifactor ETF Price Performance

BATS:FDEM opened at $32.24 on Wednesday. The company has a market capitalization of $212.79 million, a P/E ratio of 11.96 and a beta of 0.54. The business has a fifty day simple moving average of $30.99 and a two-hundred day simple moving average of $30.10. Fidelity Emerging Markets Multifactor ETF has a 1 year low of $22.63 and a 1 year high of $29.19.

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.