Commonwealth Equity Services LLC Increases Position in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM)

Commonwealth Equity Services LLC increased its stake in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 9.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 833,607 shares of the company’s stock after purchasing an additional 73,952 shares during the quarter. Commonwealth Equity Services LLC owned approximately 34.73% of Fidelity Emerging Markets Multifactor ETF worth $21,032,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. McAdam LLC lifted its position in shares of Fidelity Emerging Markets Multifactor ETF by 481.3% during the fourth quarter. McAdam LLC now owns 195,119 shares of the company’s stock valued at $4,923,000 after buying an additional 161,552 shares during the last quarter. Stratos Wealth Advisors LLC bought a new position in shares of Fidelity Emerging Markets Multifactor ETF during the 4th quarter worth approximately $776,000. RFG Advisory LLC purchased a new stake in Fidelity Emerging Markets Multifactor ETF during the fourth quarter valued at approximately $338,000. Dahring Cusmano LLC acquired a new stake in Fidelity Emerging Markets Multifactor ETF in the fourth quarter valued at approximately $277,000. Finally, Farther Finance Advisors LLC boosted its stake in Fidelity Emerging Markets Multifactor ETF by 47.3% in the fourth quarter. Farther Finance Advisors LLC now owns 18,799 shares of the company’s stock valued at $474,000 after acquiring an additional 6,033 shares in the last quarter.

Fidelity Emerging Markets Multifactor ETF Trading Up 4.2 %

Shares of FDEM opened at $26.02 on Monday. The firm has a market cap of $130.10 million, a PE ratio of 9.48 and a beta of 0.67. Fidelity Emerging Markets Multifactor ETF has a 12 month low of $23.80 and a 12 month high of $27.63. The stock has a fifty day moving average price of $25.71 and a 200-day moving average price of $25.99.

About Fidelity Emerging Markets Multifactor ETF

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.