Commonwealth Equity Services LLC Boosts Stake in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM)

Commonwealth Equity Services LLC increased its stake in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 9.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 833,607 shares of the company’s stock after buying an additional 73,952 shares during the quarter. Commonwealth Equity Services LLC owned 0.35% of Fidelity Emerging Markets Multifactor ETF worth $21,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in Fidelity Emerging Markets Multifactor ETF by 47.3% in the 4th quarter. Farther Finance Advisors LLC now owns 18,799 shares of the company’s stock worth $474,000 after buying an additional 6,033 shares during the period. New Insight Wealth Advisors increased its stake in shares of Fidelity Emerging Markets Multifactor ETF by 10.1% in the fourth quarter. New Insight Wealth Advisors now owns 16,224 shares of the company’s stock worth $409,000 after acquiring an additional 1,487 shares during the period. Dahring Cusmano LLC purchased a new position in shares of Fidelity Emerging Markets Multifactor ETF during the fourth quarter worth $277,000. Principal Securities Inc. acquired a new position in Fidelity Emerging Markets Multifactor ETF during the fourth quarter valued at $63,000. Finally, Stratos Wealth Advisors LLC acquired a new position in Fidelity Emerging Markets Multifactor ETF during the fourth quarter valued at $776,000.

Fidelity Emerging Markets Multifactor ETF Stock Performance

Shares of FDEM opened at $26.02 on Monday. The business’s 50-day moving average is $25.71 and its two-hundred day moving average is $25.99. The company has a market capitalization of $130.10 million, a P/E ratio of 9.48 and a beta of 0.67. Fidelity Emerging Markets Multifactor ETF has a fifty-two week low of $23.80 and a fifty-two week high of $27.63.

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.