REDW Wealth LLC Buys New Shares in Fidelity Emerging Markets Multifactor ETF $FDEM

REDW Wealth LLC purchased a new stake in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 23,328 shares of the company’s stock, valued at approximately $702,000. REDW Wealth LLC owned about 0.35% of Fidelity Emerging Markets Multifactor ETF at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of FDEM. McAdam LLC lifted its stake in shares of Fidelity Emerging Markets Multifactor ETF by 39.7% in the 3rd quarter. McAdam LLC now owns 556,084 shares of the company’s stock valued at $16,727,000 after purchasing an additional 158,066 shares during the period. New Insight Wealth Advisors increased its holdings in Fidelity Emerging Markets Multifactor ETF by 9.7% in the third quarter. New Insight Wealth Advisors now owns 23,585 shares of the company’s stock worth $709,000 after purchasing an additional 2,088 shares in the last quarter. Investmark Advisory Group LLC lifted its stake in Fidelity Emerging Markets Multifactor ETF by 24.5% in the third quarter. Investmark Advisory Group LLC now owns 23,517 shares of the company’s stock valued at $707,000 after buying an additional 4,632 shares during the period. Commonwealth Equity Services LLC lifted its stake in Fidelity Emerging Markets Multifactor ETF by 2.9% in the third quarter. Commonwealth Equity Services LLC now owns 956,075 shares of the company’s stock valued at $28,759,000 after buying an additional 26,705 shares during the period. Finally, Mayfair Advisory Group LLC boosted its holdings in shares of Fidelity Emerging Markets Multifactor ETF by 49.5% during the 3rd quarter. Mayfair Advisory Group LLC now owns 28,951 shares of the company’s stock worth $871,000 after buying an additional 9,589 shares in the last quarter.

Fidelity Emerging Markets Multifactor ETF Stock Up 6.3%

Shares of FDEM stock opened at $33.16 on Monday. The firm has a 50 day moving average of $31.11 and a 200-day moving average of $30.21. The company has a market cap of $218.88 million, a price-to-earnings ratio of 11.96 and a beta of 0.54. Fidelity Emerging Markets Multifactor ETF has a 52 week low of $22.63 and a 52 week high of $29.19.

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.