MML Investors Services LLC Raises Stock Holdings in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM)

MML Investors Services LLC raised its position in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 9.0% during the 3rd quarter, Holdings Channel reports. The firm owned 10,114 shares of the company’s stock after buying an additional 836 shares during the quarter. MML Investors Services LLC’s holdings in Fidelity Emerging Markets Multifactor ETF were worth $274,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Larson Financial Group LLC purchased a new position in shares of Fidelity Emerging Markets Multifactor ETF during the third quarter worth $26,000. FMR LLC grew its position in Fidelity Emerging Markets Multifactor ETF by 151.8% during the 3rd quarter. FMR LLC now owns 1,108 shares of the company’s stock worth $30,000 after purchasing an additional 668 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Fidelity Emerging Markets Multifactor ETF by 491.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 10,023 shares of the company’s stock valued at $257,000 after buying an additional 8,327 shares during the last quarter. Birchcreek Wealth Management LLC acquired a new position in shares of Fidelity Emerging Markets Multifactor ETF in the 2nd quarter valued at about $349,000. Finally, McAdam LLC purchased a new stake in shares of Fidelity Emerging Markets Multifactor ETF in the third quarter worth about $908,000.

Fidelity Emerging Markets Multifactor ETF Stock Performance

Shares of FDEM stock opened at $25.65 on Thursday. The stock has a market capitalization of $61.56 million, a PE ratio of 8.18 and a beta of 0.68. The firm’s fifty day moving average is $26.10 and its 200 day moving average is $26.06.

Fidelity Emerging Markets Multifactor ETF Company 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.