Fidelity International Multifactor ETF (BATS:FDEV) Stock Price Up 0.7% – Still a Buy?

Shares of Fidelity International Multifactor ETF (BATS:FDEV) traded up 0.7% on Friday. The company traded as high as $36.06 and last traded at $36.05. Approximately 39,469 shares were traded during trading, an increase of 14% from the average daily volume of 34,501 shares. The stock had previously closed at $35.79.

Fidelity International Multifactor ETF Stock Performance

The company’s fifty day simple moving average is $37.47 and its two-hundred day simple moving average is $36.58. The company has a market capitalization of $187.46 million, a price-to-earnings ratio of 16.06 and a beta of 0.73.

Institutional Trading of Fidelity International Multifactor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FDEV. Advocacy Wealth Management LLC bought a new position in Fidelity International Multifactor ETF during the 2nd quarter worth approximately $21,891,000. Kestra Advisory Services LLC increased its holdings in shares of Fidelity International Multifactor ETF by 230.2% in the 1st quarter. Kestra Advisory Services LLC now owns 53,068 shares of the company’s stock valued at $1,893,000 after acquiring an additional 36,996 shares during the last quarter. RCS Financial Planning LLC acquired a new stake in shares of Fidelity International Multifactor ETF during the 1st quarter valued at approximately $916,000. Midwest Financial Network LLC acquired a new stake in shares of Fidelity International Multifactor ETF during the 1st quarter valued at approximately $778,000. Finally, Cetera Investment Advisers lifted its stake in Fidelity International Multifactor ETF by 43.2% during the first quarter. Cetera Investment Advisers now owns 50,983 shares of the company’s stock worth $1,819,000 after purchasing an additional 15,378 shares during the last quarter.

About Fidelity International Multifactor ETF

The Fidelity International Multifactor ETF (FDEV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a multi-factored index of developed ex-US companies. FDEV was launched on Feb 26, 2019 and is managed by Fidelity.