Sunbelt Securities Inc. Acquires 88,865 Shares of Fidelity Emerging Markets Multifactor ETF $FDEM

Sunbelt Securities Inc. raised its stake in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 81.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 198,066 shares of the company’s stock after buying an additional 88,865 shares during the quarter. Sunbelt Securities Inc.’s holdings in Fidelity Emerging Markets Multifactor ETF were worth $6,255,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Thrivent Financial for Lutherans bought a new stake in Fidelity Emerging Markets Multifactor ETF in the 4th quarter valued at $44,762,000. Osaic Holdings Inc. raised its stake in shares of Fidelity Emerging Markets Multifactor ETF by 298.3% in the 4th quarter. Osaic Holdings Inc. now owns 422,739 shares of the company’s stock valued at $13,059,000 after purchasing an additional 316,594 shares during the period. Storgate LLC bought a new stake in shares of Fidelity Emerging Markets Multifactor ETF in the fourth quarter valued at about $9,421,000. Clarity Retirement & Wealth LLC acquired a new position in shares of Fidelity Emerging Markets Multifactor ETF during the fourth quarter worth about $6,236,000. Finally, Jane Street Group LLC acquired a new position in shares of Fidelity Emerging Markets Multifactor ETF during the second quarter worth about $5,411,000.

Fidelity Emerging Markets Multifactor ETF Stock Performance

Shares of Fidelity Emerging Markets Multifactor ETF stock opened at $34.10 on Wednesday. The business’s 50 day simple moving average is $36.04 and its 200 day simple moving average is $34.46. Fidelity Emerging Markets Multifactor ETF has a 52-week low of $28.00 and a 52-week high of $38.32. The firm has a market cap of $225.06 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.