Jane Street Group LLC Sells 38,875 Shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM)

Jane Street Group LLC trimmed its position in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 63.6% during the third quarter, Holdings Channel reports. The firm owned 22,293 shares of the company’s stock after selling 38,875 shares during the quarter. Jane Street Group LLC’s holdings in Fidelity Emerging Markets Multifactor ETF were worth $603,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Fidelity Emerging Markets Multifactor ETF by 151.8% in the 3rd quarter. FMR LLC now owns 1,108 shares of the company’s stock valued at $30,000 after purchasing an additional 668 shares during the period. Larson Financial Group LLC bought a new stake in shares of Fidelity Emerging Markets Multifactor ETF in the 3rd quarter valued at about $26,000. Farther Finance Advisors LLC raised its holdings in shares of Fidelity Emerging Markets Multifactor ETF by 27.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,766 shares of the company’s stock valued at $345,000 after purchasing an additional 2,743 shares during the period. Merkkuri Wealth Advisors LLC raised its holdings in shares of Fidelity Emerging Markets Multifactor ETF by 14.2% in the 3rd quarter. Merkkuri Wealth Advisors LLC now owns 61,031 shares of the company’s stock valued at $1,651,000 after purchasing an additional 7,571 shares during the period. Finally, McAdam LLC bought a new stake in shares of Fidelity Emerging Markets Multifactor ETF in the 3rd quarter valued at about $908,000.

Fidelity Emerging Markets Multifactor ETF Stock Performance

Shares of FDEM stock opened at $25.55 on Friday. The firm has a 50-day moving average price of $25.94 and a 200-day moving average price of $26.04. The company has a market cap of $61.32 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.