Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) Stake Raised by Sunbelt Securities Inc.

Sunbelt Securities Inc. lifted its holdings in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,587 shares of the company’s stock after buying an additional 2,024 shares during the period. Sunbelt Securities Inc.’s holdings in Fidelity Emerging Markets Multifactor ETF were worth $2,037,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Birchcreek Wealth Management LLC acquired a new position in Fidelity Emerging Markets Multifactor ETF during the 2nd quarter worth $349,000. Farther Finance Advisors LLC raised its stake in shares of Fidelity Emerging Markets Multifactor ETF by 491.0% during the second quarter. Farther Finance Advisors LLC now owns 10,023 shares of the company’s stock valued at $257,000 after purchasing an additional 8,327 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Fidelity Emerging Markets Multifactor ETF by 19.2% in the second quarter. Commonwealth Equity Services LLC now owns 672,951 shares of the company’s stock worth $17,224,000 after purchasing an additional 108,584 shares during the period. Dentgroup LLC acquired a new stake in Fidelity Emerging Markets Multifactor ETF in the second quarter worth about $1,351,000. Finally, Csenge Advisory Group grew its position in Fidelity Emerging Markets Multifactor ETF by 7.1% in the 1st quarter. Csenge Advisory Group now owns 26,919 shares of the company’s stock valued at $668,000 after buying an additional 1,784 shares in the last quarter.

Fidelity Emerging Markets Multifactor ETF Stock Performance

Fidelity Emerging Markets Multifactor ETF stock opened at $27.42 on Monday. The firm’s 50 day moving average is $25.84 and its 200-day moving average is $25.56. The firm has a market cap of $65.81 million, a PE ratio of 8.18 and a beta of 0.68.

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.