114,492 Shares in Fidelity Emerging Markets Multifactor ETF $FDEM Bought by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC bought a new position in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 114,492 shares of the company’s stock, valued at approximately $3,438,000. Smartleaf Asset Management LLC owned 1.73% of Fidelity Emerging Markets Multifactor ETF as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC increased its stake in Fidelity Emerging Markets Multifactor ETF by 2.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 956,075 shares of the company’s stock worth $28,759,000 after purchasing an additional 26,705 shares in the last quarter. McAdam LLC increased its position in shares of Fidelity Emerging Markets Multifactor ETF by 39.7% in the third quarter. McAdam LLC now owns 556,084 shares of the company’s stock worth $16,727,000 after acquiring an additional 158,066 shares in the last quarter. Salus Financial Advisors LLC increased its position in shares of Fidelity Emerging Markets Multifactor ETF by 2.8% in the second quarter. Salus Financial Advisors LLC now owns 278,096 shares of the company’s stock worth $7,784,000 after acquiring an additional 7,544 shares in the last quarter. Archer Investment Management LLC acquired a new stake in shares of Fidelity Emerging Markets Multifactor ETF during the third quarter valued at approximately $6,869,000. Finally, Jane Street Group LLC purchased a new stake in shares of Fidelity Emerging Markets Multifactor ETF in the 2nd quarter valued at approximately $5,411,000.

Fidelity Emerging Markets Multifactor ETF Stock Performance

Fidelity Emerging Markets Multifactor ETF stock opened at $33.92 on Friday. The firm has a market capitalization of $223.84 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. The company has a 50 day moving average price of $31.76 and a 200 day moving average price of $30.55.

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.