NewEdge Advisors LLC Has $2.62 Million Stock Holdings in Fidelity Emerging Markets Multifactor ETF $FDEM

NewEdge Advisors LLC boosted its position in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 20.7% in the first quarter, Holdings Channel.com reports. The firm owned 83,104 shares of the company’s stock after purchasing an additional 14,276 shares during the period. NewEdge Advisors LLC’s holdings in Fidelity Emerging Markets Multifactor ETF were worth $2,624,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Fidelity Emerging Markets Multifactor ETF during the second quarter valued at approximately $26,000. Jane Street Group LLC bought a new position in Fidelity Emerging Markets Multifactor ETF in the 2nd quarter worth approximately $5,411,000. MML Investors Services LLC lifted its position in Fidelity Emerging Markets Multifactor ETF by 31.6% during the 2nd quarter. MML Investors Services LLC now owns 93,892 shares of the company’s stock valued at $2,628,000 after purchasing an additional 22,528 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Fidelity Emerging Markets Multifactor ETF by 47.7% during the third quarter. JPMorgan Chase & Co. now owns 58,535 shares of the company’s stock worth $1,761,000 after buying an additional 18,894 shares during the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in Fidelity Emerging Markets Multifactor ETF in the third quarter valued at approximately $587,000.

Fidelity Emerging Markets Multifactor ETF Stock Up 0.5%

BATS:FDEM opened at $36.05 on Friday. Fidelity Emerging Markets Multifactor ETF has a 12-month low of $28.75 and a 12-month high of $38.32. The firm has a market capitalization of $237.93 million, a P/E ratio of 11.96 and a beta of 0.54. The stock’s fifty day simple moving average is $35.64 and its 200-day simple moving average is $34.69.

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.