Farther Finance Advisors LLC Grows Stock Position in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM)

Farther Finance Advisors LLC raised its holdings in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 47.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,799 shares of the company’s stock after buying an additional 6,033 shares during the quarter. Farther Finance Advisors LLC owned about 0.78% of Fidelity Emerging Markets Multifactor ETF worth $474,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FDEM. Larson Financial Group LLC purchased a new stake in Fidelity Emerging Markets Multifactor ETF in the third quarter valued at about $26,000. FMR LLC raised its stake in Fidelity Emerging Markets Multifactor ETF by 151.8% in the third quarter. FMR LLC now owns 1,108 shares of the company’s stock valued at $30,000 after buying an additional 668 shares during the last quarter. Principal Securities Inc. purchased a new stake in Fidelity Emerging Markets Multifactor ETF in the fourth quarter valued at about $63,000. MML Investors Services LLC raised its stake in Fidelity Emerging Markets Multifactor ETF by 9.0% in the third quarter. MML Investors Services LLC now owns 10,114 shares of the company’s stock valued at $274,000 after buying an additional 836 shares during the last quarter. Finally, Dahring Cusmano LLC purchased a new stake in Fidelity Emerging Markets Multifactor ETF in the fourth quarter valued at about $277,000.

Fidelity Emerging Markets Multifactor ETF Stock Performance

Fidelity Emerging Markets Multifactor ETF stock opened at $26.02 on Monday. The stock has a 50-day moving average of $25.71 and a two-hundred day moving average of $25.99. The stock has a market cap of $130.10 million, a PE ratio of 9.48 and a beta of 0.67. Fidelity Emerging Markets Multifactor ETF has a one year low of $23.80 and a one year high of $27.63.

Fidelity Emerging Markets Multifactor ETF 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.