Storgate LLC purchased a new stake in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund purchased 305,085 shares of the company’s stock, valued at approximately $9,421,000. Fidelity Emerging Markets Multifactor ETF accounts for about 7.7% of Storgate LLC’s portfolio, making the stock its 2nd biggest holding.
Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Fidelity Emerging Markets Multifactor ETF during the 2nd quarter valued at about $26,000. Wells Fargo & Company MN grew its holdings in Fidelity Emerging Markets Multifactor ETF by 103,800.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,039 shares of the company’s stock valued at $32,000 after purchasing an additional 1,038 shares during the last quarter. Elyxium Wealth LLC bought a new position in Fidelity Emerging Markets Multifactor ETF during the 4th quarter valued at about $35,000. Advisory Services Network LLC bought a new position in Fidelity Emerging Markets Multifactor ETF during the 3rd quarter valued at about $96,000. Finally, Commons Capital LLC bought a new position in Fidelity Emerging Markets Multifactor ETF during the 4th quarter valued at about $302,000.
Fidelity Emerging Markets Multifactor ETF Trading Up 0.2%
Shares of BATS:FDEM opened at $36.89 on Friday. The company has a market capitalization of $243.47 million, a price-to-earnings ratio of 11.96 and a beta of 0.54. Fidelity Emerging Markets Multifactor ETF has a 12 month low of $26.83 and a 12 month high of $38.32. The firm’s 50-day moving average is $35.35 and its 200 day moving average is $33.32.
Fidelity Emerging Markets Multifactor ETF 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.
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Want to see what other hedge funds are holding FDEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Emerging Markets Multifactor ETF (BATS:FDEM – Free Report).
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