Commonwealth Equity Services LLC Boosts Stake in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM)

Commonwealth Equity Services LLC raised its holdings in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 19.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 672,951 shares of the company’s stock after buying an additional 108,584 shares during the period. Commonwealth Equity Services LLC owned about 0.28% of Fidelity Emerging Markets Multifactor ETF worth $17,224,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Forthright Family Wealth Advisory LLC purchased a new stake in Fidelity Emerging Markets Multifactor ETF in the 4th quarter valued at about $522,000. Csenge Advisory Group raised its stake in shares of Fidelity Emerging Markets Multifactor ETF by 7.1% during the first quarter. Csenge Advisory Group now owns 26,919 shares of the company’s stock valued at $668,000 after acquiring an additional 1,784 shares in the last quarter. Finally, Dentgroup LLC purchased a new stake in shares of Fidelity Emerging Markets Multifactor ETF in the second quarter valued at approximately $1,351,000.

Fidelity Emerging Markets Multifactor ETF Price Performance

FDEM opened at $25.64 on Wednesday. The business’s 50 day moving average price is $25.85 and its two-hundred day moving average price is $25.39. The stock has a market cap of $61.54 million, a P/E ratio of 8.18 and a beta of 0.68.

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.