Thrivent Financial for Lutherans Invests $44.76 Million in Fidelity Emerging Markets Multifactor ETF $FDEM

Thrivent Financial for Lutherans acquired a new position in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,449,538 shares of the company’s stock, valued at approximately $44,762,000. Thrivent Financial for Lutherans owned 21.96% of Fidelity Emerging Markets Multifactor ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. MAI Capital Management acquired a new stake in Fidelity Emerging Markets Multifactor ETF in the third quarter worth approximately $8,017,000. Jane Street Group LLC acquired a new stake in Fidelity Emerging Markets Multifactor ETF in the second quarter worth approximately $5,411,000. McAdam LLC lifted its position in Fidelity Emerging Markets Multifactor ETF by 39.7% in the third quarter. McAdam LLC now owns 556,084 shares of the company’s stock worth $16,727,000 after purchasing an additional 158,066 shares during the period. Smartleaf Asset Management LLC acquired a new stake in Fidelity Emerging Markets Multifactor ETF in the third quarter worth approximately $3,438,000. Finally, von Borstel & Associates Inc. acquired a new stake in Fidelity Emerging Markets Multifactor ETF in the third quarter worth approximately $3,338,000.

Fidelity Emerging Markets Multifactor ETF Price Performance

FDEM opened at $35.62 on Friday. The company has a market capitalization of $235.09 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 $26.44 and a 1-year high of $37.14. The business has a 50 day moving average price of $33.53 and a two-hundred day moving average price of $32.52.

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.