Waverly Advisors LLC purchased a new stake in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,893 shares of the company’s stock, valued at approximately $502,000. Waverly Advisors LLC owned approximately 0.24% of Fidelity Emerging Markets Multifactor ETF at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in FDEM. Raymond James Financial Inc. acquired a new position in Fidelity Emerging Markets Multifactor ETF during the 2nd quarter worth approximately $26,000. Wells Fargo & Company MN boosted its position in Fidelity Emerging Markets Multifactor ETF by 103,800.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,039 shares of the company’s stock valued at $32,000 after buying an additional 1,038 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of Fidelity Emerging Markets Multifactor ETF during the fourth quarter worth $35,000. Fifth Third Bancorp bought a new stake in shares of Fidelity Emerging Markets Multifactor ETF during the first quarter worth $51,000. Finally, Advisory Services Network LLC acquired a new position in shares of Fidelity Emerging Markets Multifactor ETF during the third quarter worth $96,000.
Fidelity Emerging Markets Multifactor ETF Stock Performance
Shares of BATS:FDEM opened at $34.81 on Monday. Fidelity Emerging Markets Multifactor ETF has a 52-week low of $28.00 and a 52-week high of $38.32. The company has a market capitalization of $229.75 million, a PE ratio of 11.96 and a beta of 0.54. The company has a fifty day moving average of $35.95 and a 200-day moving average of $34.50.
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.
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