REDW Wealth LLC purchased a new position in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM – Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 23,328 shares of the company’s stock, valued at approximately $702,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in FDEM. Archer Investment Management LLC bought a new stake in shares of Fidelity Emerging Markets Multifactor ETF during the third quarter valued at approximately $6,869,000. Jane Street Group LLC bought a new stake in Fidelity Emerging Markets Multifactor ETF during the 2nd quarter valued at $5,411,000. McAdam LLC raised its holdings in Fidelity Emerging Markets Multifactor ETF by 39.7% during the third quarter. McAdam LLC now owns 556,084 shares of the company’s stock worth $16,727,000 after buying an additional 158,066 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Fidelity Emerging Markets Multifactor ETF in the second quarter valued at $4,273,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Fidelity Emerging Markets Multifactor ETF by 2.9% in the third quarter. Commonwealth Equity Services LLC now owns 956,075 shares of the company’s stock valued at $28,759,000 after buying an additional 26,705 shares in the last quarter.
Fidelity Emerging Markets Multifactor ETF Price Performance
BATS:FDEM opened at $33.16 on Monday. The firm has a 50-day moving average of $31.11 and a 200-day moving average of $30.21. The company has a market cap of $218.88 million, a PE ratio of 11.96 and a beta of 0.54. Fidelity Emerging Markets Multifactor ETF has a one year low of $22.63 and a one 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.
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