Citadel Advisors LLC Decreases Position in Fidelity Emerging Markets Multifactor ETF $FDEM

Citadel Advisors LLC cut its holdings in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 12.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 263,929 shares of the company’s stock after selling 37,398 shares during the period. Citadel Advisors LLC owned approximately 4.00% of Fidelity Emerging Markets Multifactor ETF worth $9,589,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FDEM. Thrivent Financial for Lutherans purchased a new position in shares of Fidelity Emerging Markets Multifactor ETF in the fourth quarter worth about $44,762,000. Osaic Holdings Inc. boosted 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 valued at $13,059,000 after acquiring an additional 316,594 shares during the period. Storgate LLC bought a new position in Fidelity Emerging Markets Multifactor ETF during the 4th quarter worth approximately $9,421,000. Arkadios Wealth Advisors grew its position in Fidelity Emerging Markets Multifactor ETF by 113.8% during the 1st quarter. Arkadios Wealth Advisors now owns 207,872 shares of the company’s stock worth $6,565,000 after acquiring an additional 110,626 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its position in Fidelity Emerging Markets Multifactor ETF by 10.3% during the 1st quarter. Kestra Advisory Services LLC now owns 207,746 shares of the company’s stock worth $6,561,000 after acquiring an additional 19,389 shares during the last quarter.

Fidelity Emerging Markets Multifactor ETF Stock Performance

Shares of FDEM stock opened at $36.99 on Tuesday. Fidelity Emerging Markets Multifactor ETF has a fifty-two week low of $29.11 and a fifty-two week high of $38.32. The stock has a 50 day moving average price of $35.53 and a two-hundred day moving average price of $34.97. The company has a market capitalization of $244.13 million, a P/E ratio of 11.96 and a beta of 0.54.

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.