Merkkuri Wealth Advisors LLC Reduces Position in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM)

Merkkuri Wealth Advisors LLC trimmed its holdings in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,495 shares of the company’s stock after selling 1,039 shares during the quarter. Fidelity Emerging Markets Multifactor ETF accounts for about 1.3% of Merkkuri Wealth Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Merkkuri Wealth Advisors LLC’s holdings in Fidelity Emerging Markets Multifactor ETF were worth $1,546,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Commonwealth Equity Services LLC increased its holdings in Fidelity Emerging Markets Multifactor ETF by 9.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 833,607 shares of the company’s stock valued at $21,032,000 after buying an additional 73,952 shares during the last quarter. Salus Financial Advisors LLC bought a new stake in Fidelity Emerging Markets Multifactor ETF in the fourth quarter valued at about $5,774,000. Jane Street Group LLC increased its holdings in Fidelity Emerging Markets Multifactor ETF by 456.4% in the fourth quarter. Jane Street Group LLC now owns 124,045 shares of the company’s stock valued at $3,130,000 after buying an additional 101,752 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in Fidelity Emerging Markets Multifactor ETF by 19.4% in the fourth quarter. Sunbelt Securities Inc. now owns 99,250 shares of the company’s stock valued at $2,517,000 after buying an additional 16,103 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in Fidelity Emerging Markets Multifactor ETF in the fourth quarter valued at about $1,644,000.

Fidelity Emerging Markets Multifactor ETF Stock Up 8.0%

Shares of Fidelity Emerging Markets Multifactor ETF stock opened at $26.95 on Friday. The business has a 50-day moving average price of $26.47 and a 200 day moving average price of $25.90. Fidelity Emerging Markets Multifactor ETF has a fifty-two week low of $22.63 and a fifty-two week high of $28.10. The firm has a market cap of $177.87 million, a P/E ratio of 11.68 and a beta of 0.54.

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.