Payne Capital LLC lifted its holdings in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM – Free Report) by 76.0% during the 1st quarter, Holdings Channel reports. The firm owned 64,361 shares of the company’s stock after purchasing an additional 27,794 shares during the quarter. Fidelity Emerging Markets Multifactor ETF comprises 1.9% of Payne Capital LLC’s holdings, making the stock its 18th largest position. Payne Capital LLC’s holdings in Fidelity Emerging Markets Multifactor ETF were worth $2,033,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in Fidelity Emerging Markets Multifactor ETF in the second quarter valued at approximately $26,000. Wells Fargo & Company MN increased its stake in shares of Fidelity Emerging Markets Multifactor ETF by 103,800.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,039 shares of the company’s stock valued at $32,000 after acquiring an additional 1,038 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of Fidelity Emerging Markets Multifactor ETF in the 4th quarter valued at $35,000. Advisory Services Network LLC acquired a new position in shares of Fidelity Emerging Markets Multifactor ETF during the 3rd quarter valued at $96,000. Finally, Commons Capital LLC acquired a new position in shares of Fidelity Emerging Markets Multifactor ETF during the 4th quarter valued at $302,000.
Fidelity Emerging Markets Multifactor ETF Stock Up 0.9%
Shares of BATS FDEM opened at $36.02 on Friday. The firm has a market cap of $237.73 million, a PE ratio of 11.96 and a beta of 0.54. The company’s fifty day simple moving average is $36.10 and its 200 day simple moving average is $33.74. Fidelity Emerging Markets Multifactor ETF has a 12-month low of $27.75 and a 12-month high of $38.32.
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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