Pasadena Private Wealth LLC Has $234,000 Stock Position in Fidelity Emerging Markets Multifactor ETF $FDEM

Pasadena Private Wealth LLC decreased its position in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 98.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,359 shares of the company’s stock after selling 591,155 shares during the period. Pasadena Private Wealth LLC’s holdings in Fidelity Emerging Markets Multifactor ETF were worth $234,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FDEM. Cambridge Investment Research Advisors Inc. boosted its position in Fidelity Emerging Markets Multifactor ETF by 8.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,188 shares of the company’s stock valued at $439,000 after purchasing an additional 1,409 shares during the last quarter. Salus Financial Advisors LLC boosted its position in Fidelity Emerging Markets Multifactor ETF by 18.2% during the first quarter. Salus Financial Advisors LLC now owns 270,552 shares of the company’s stock valued at $6,913,000 after purchasing an additional 41,700 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Fidelity Emerging Markets Multifactor ETF by 70.9% during the first quarter. Envestnet Asset Management Inc. now owns 39,945 shares of the company’s stock valued at $1,021,000 after purchasing an additional 16,570 shares during the last quarter. New Insight Wealth Advisors boosted its position in Fidelity Emerging Markets Multifactor ETF by 21.1% during the first quarter. New Insight Wealth Advisors now owns 19,649 shares of the company’s stock valued at $502,000 after purchasing an additional 3,425 shares during the last quarter. Finally, Dahring Cusmano LLC boosted its position in Fidelity Emerging Markets Multifactor ETF by 28.5% during the first quarter. Dahring Cusmano LLC now owns 14,114 shares of the company’s stock valued at $361,000 after purchasing an additional 3,133 shares during the last quarter.

Fidelity Emerging Markets Multifactor ETF Trading Up 24.0%

FDEM opened at $30.96 on Monday. The stock has a market cap of $204.34 million, a price-to-earnings ratio of 11.96 and a beta of 0.54. Fidelity Emerging Markets Multifactor ETF has a 1 year low of $22.63 and a 1 year high of $29.19. The stock has a fifty day moving average price of $29.94 and a 200 day moving average price of $28.17.

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.