Sunbelt Securities Inc. Increases Stake in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM)

Sunbelt Securities Inc. lifted its stake in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 4.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,147 shares of the company’s stock after buying an additional 3,560 shares during the quarter. Sunbelt Securities Inc. owned approximately 3.46% of Fidelity Emerging Markets Multifactor ETF worth $2,249,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. MML Investors Services LLC lifted its stake in Fidelity Emerging Markets Multifactor ETF by 9.0% in the 3rd quarter. MML Investors Services LLC now owns 10,114 shares of the company’s stock worth $274,000 after purchasing an additional 836 shares in the last quarter. FMR LLC increased its holdings in shares of Fidelity Emerging Markets Multifactor ETF by 151.8% in the third quarter. FMR LLC now owns 1,108 shares of the company’s stock worth $30,000 after purchasing an additional 668 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of Fidelity Emerging Markets Multifactor ETF in the third quarter worth about $26,000. Farther Finance Advisors LLC boosted its stake in Fidelity Emerging Markets Multifactor ETF by 27.4% during the third quarter. Farther Finance Advisors LLC now owns 12,766 shares of the company’s stock valued at $345,000 after buying an additional 2,743 shares during the last quarter. Finally, Merkkuri Wealth Advisors LLC grew its holdings in Fidelity Emerging Markets Multifactor ETF by 14.2% during the 3rd quarter. Merkkuri Wealth Advisors LLC now owns 61,031 shares of the company’s stock valued at $1,651,000 after buying an additional 7,571 shares in the last quarter.

Fidelity Emerging Markets Multifactor ETF Stock Down 1.2 %

Shares of FDEM opened at $26.40 on Wednesday. The stock has a market cap of $63.36 million, a PE ratio of 8.18 and a beta of 0.68. The business’s 50-day moving average price is $26.31 and its 200 day moving average price is $26.03.

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.