Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) Shares Acquired by Sunbelt Securities Inc.

Sunbelt Securities Inc. increased its stake in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 19.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,250 shares of the company’s stock after purchasing an additional 16,103 shares during the quarter. Sunbelt Securities Inc. owned 4.14% of Fidelity Emerging Markets Multifactor ETF worth $2,517,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FDEM. Principal Securities Inc. purchased a new position in Fidelity Emerging Markets Multifactor ETF during the 4th quarter worth $63,000. Dahring Cusmano LLC acquired a new position in shares of Fidelity Emerging Markets Multifactor ETF during the fourth quarter worth about $277,000. RFG Advisory LLC purchased a new position in Fidelity Emerging Markets Multifactor ETF during the fourth quarter worth about $338,000. JPMorgan Chase & Co. raised its holdings in Fidelity Emerging Markets Multifactor ETF by 44.1% during the fourth quarter. JPMorgan Chase & Co. now owns 16,001 shares of the company’s stock worth $404,000 after purchasing an additional 4,898 shares in the last quarter. Finally, New Insight Wealth Advisors lifted its position in 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 valued at $409,000 after purchasing an additional 1,487 shares during the period.

Fidelity Emerging Markets Multifactor ETF Trading Up 7.1%

Shares of FDEM opened at $26.74 on Friday. Fidelity Emerging Markets Multifactor ETF has a twelve month low of $22.63 and a twelve month high of $27.63. The stock’s 50 day moving average is $25.48 and its two-hundred day moving average is $25.70. The firm has a market capitalization of $171.10 million, a PE ratio of 11.68 and a beta of 0.54.

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.