Payne Capital LLC Has $2.03 Million Position in Fidelity Emerging Markets Multifactor ETF $FDEM

Payne Capital LLC grew its stake in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 76.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,361 shares of the company’s stock after buying an additional 27,794 shares during the period. Fidelity Emerging Markets Multifactor ETF accounts for about 1.9% of Payne Capital LLC’s holdings, making the stock its 18th biggest holding. Payne Capital LLC owned 0.98% of Fidelity Emerging Markets Multifactor ETF worth $2,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. S Harris Financial Group LLC acquired a new position in shares of Fidelity Emerging Markets Multifactor ETF in the fourth quarter worth approximately $2,468,000. Virtu Financial LLC acquired a new stake in Fidelity Emerging Markets Multifactor ETF during the 4th quarter valued at approximately $1,083,000. NewEdge Advisors LLC acquired a new stake in Fidelity Emerging Markets Multifactor ETF during the 4th quarter valued at approximately $2,125,000. OLD Mission Capital LLC bought a new position in Fidelity Emerging Markets Multifactor ETF during the 4th quarter worth approximately $1,304,000. Finally, Osaic Holdings Inc. raised its holdings in Fidelity Emerging Markets Multifactor ETF by 298.3% during the 4th quarter. Osaic Holdings Inc. now owns 422,739 shares of the company’s stock worth $13,059,000 after purchasing an additional 316,594 shares during the last quarter.

Fidelity Emerging Markets Multifactor ETF Stock Performance

Shares of BATS FDEM opened at $36.02 on Friday. The company’s 50 day moving average price is $36.10 and its 200-day moving average price is $33.74. Fidelity Emerging Markets Multifactor ETF has a 52-week low of $27.75 and a 52-week high of $38.32. The company has a market capitalization of $237.73 million, a P/E ratio of 11.96 and a beta of 0.54.

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.