NewEdge Advisors LLC Increases Holdings in Fidelity Emerging Markets Multifactor ETF $FDEM

NewEdge Advisors LLC boosted its stake in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 20.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,104 shares of the company’s stock after purchasing an additional 14,276 shares during the period. NewEdge Advisors LLC owned approximately 1.26% of Fidelity Emerging Markets Multifactor ETF worth $2,624,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Fidelity Emerging Markets Multifactor ETF during the 2nd quarter valued at about $26,000. Jane Street Group LLC acquired a new stake in shares of Fidelity Emerging Markets Multifactor ETF during the 2nd quarter valued at approximately $5,411,000. MML Investors Services LLC raised its holdings in shares of Fidelity Emerging Markets Multifactor ETF by 31.6% during the second quarter. MML Investors Services LLC now owns 93,892 shares of the company’s stock worth $2,628,000 after purchasing an additional 22,528 shares during the period. JPMorgan Chase & Co. lifted its holdings in Fidelity Emerging Markets Multifactor ETF by 47.7% in the third quarter. JPMorgan Chase & Co. now owns 58,535 shares of the company’s stock worth $1,761,000 after acquiring an additional 18,894 shares during the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in shares of Fidelity Emerging Markets Multifactor ETF during the third quarter valued at $587,000.

Fidelity Emerging Markets Multifactor ETF Trading Up 0.5%

FDEM stock opened at $36.05 on Friday. The company has a market capitalization of $237.93 million, a price-to-earnings ratio of 11.96 and a beta of 0.54. The firm’s 50-day moving average is $35.64 and its two-hundred day moving average is $34.69. Fidelity Emerging Markets Multifactor ETF has a 52 week low of $28.75 and a 52 week high of $38.32.

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.