New Insight Wealth Advisors Buys 1,487 Shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM)

New Insight Wealth Advisors grew its holdings in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,224 shares of the company’s stock after acquiring an additional 1,487 shares during the period. New Insight Wealth Advisors owned 0.68% of Fidelity Emerging Markets Multifactor ETF worth $409,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FDEM. McAdam LLC boosted its holdings in Fidelity Emerging Markets Multifactor ETF by 481.3% during the fourth quarter. McAdam LLC now owns 195,119 shares of the company’s stock worth $4,923,000 after purchasing an additional 161,552 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of Fidelity Emerging Markets Multifactor ETF by 4.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 83,147 shares of the company’s stock worth $2,249,000 after buying an additional 3,560 shares in the last quarter. Merkkuri Wealth Advisors LLC boosted its stake in shares of Fidelity Emerging Markets Multifactor ETF by 0.8% in the 4th quarter. Merkkuri Wealth Advisors LLC now owns 61,534 shares of the company’s stock worth $1,553,000 after buying an additional 503 shares during the last quarter. Stratos Wealth Advisors LLC bought a new position in shares of Fidelity Emerging Markets Multifactor ETF in the fourth quarter valued at approximately $776,000. Finally, Dentgroup LLC increased its position in shares of Fidelity Emerging Markets Multifactor ETF by 44.5% during the fourth quarter. Dentgroup LLC now owns 16,344 shares of the company’s stock valued at $412,000 after acquiring an additional 5,033 shares during the last quarter.

Fidelity Emerging Markets Multifactor ETF Trading Up 4.1 %

FDEM opened at $26.00 on Monday. The company has a fifty day moving average of $25.68 and a 200-day moving average of $26.01. The stock has a market capitalization of $129.98 million, a PE ratio of 9.48 and a beta of 0.67.

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.