S Harris Financial Group LLC Invests $2.47 Million in Fidelity Emerging Markets Multifactor ETF $FDEM

S Harris Financial Group LLC purchased 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 purchased 79,927 shares of the company’s stock, valued at approximately $2,468,000. Fidelity Emerging Markets Multifactor ETF makes up 2.3% of S Harris Financial Group LLC’s investment portfolio, making the stock its 9th biggest position. S Harris Financial Group LLC owned approximately 1.21% of Fidelity Emerging Markets Multifactor ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in FDEM. Thrivent Financial for Lutherans purchased a new position in Fidelity Emerging Markets Multifactor ETF in the 4th quarter valued at $44,762,000. Osaic Holdings Inc. grew its holdings in shares of Fidelity Emerging Markets Multifactor ETF by 298.3% during the fourth quarter. Osaic Holdings Inc. now owns 422,739 shares of the company’s stock worth $13,059,000 after buying an additional 316,594 shares in the last quarter. Storgate LLC acquired a new stake in shares of Fidelity Emerging Markets Multifactor ETF in the fourth quarter valued at about $9,421,000. Salus Financial Advisors LLC raised its position in shares of Fidelity Emerging Markets Multifactor ETF by 0.5% in the fourth quarter. Salus Financial Advisors LLC now owns 283,475 shares of the company’s stock valued at $8,754,000 after buying an additional 1,374 shares during the last quarter. Finally, MAI Capital Management purchased a new position in shares of Fidelity Emerging Markets Multifactor ETF in the third quarter worth about $8,017,000.

Fidelity Emerging Markets Multifactor ETF Stock Performance

BATS:FDEM opened at $37.62 on Friday. The company has a market cap of $248.29 million, a P/E ratio of 11.96 and a beta of 0.54. Fidelity Emerging Markets Multifactor ETF has a twelve month low of $26.83 and a twelve month high of $38.32. The company’s 50-day moving average price is $35.89 and its 200-day moving average price is $33.56.

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.