Savvy Advisors Inc. Buys New Stake in Fidelity Emerging Markets Multifactor ETF $FDEM

Savvy Advisors Inc. bought a new position in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) during the 4th quarter, Holdings Channel reports. The fund bought 22,039 shares of the company’s stock, valued at approximately $681,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in Fidelity Emerging Markets Multifactor ETF during the second quarter valued at about $26,000. Advisory Services Network LLC acquired a new position in shares of Fidelity Emerging Markets Multifactor ETF during the 3rd quarter worth about $96,000. Intergy Private Wealth LLC acquired a new position in shares of Fidelity Emerging Markets Multifactor ETF during the 3rd quarter worth about $214,000. Commons Capital LLC bought a new stake in Fidelity Emerging Markets Multifactor ETF during the 4th quarter valued at approximately $302,000. Finally, Cyndeo Wealth Partners LLC bought a new stake in Fidelity Emerging Markets Multifactor ETF during the 4th quarter valued at approximately $354,000.

Fidelity Emerging Markets Multifactor ETF Stock Up 0.5%

FDEM opened at $32.02 on Wednesday. The stock’s 50 day moving average price is $33.05 and its two-hundred day moving average price is $31.67. The firm has a market capitalization of $211.33 million, a P/E ratio of 11.96 and a beta of 0.54. Fidelity Emerging Markets Multifactor ETF has a 12-month low of $22.63 and a 12-month high of $35.50.

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.