Farther Finance Advisors LLC Acquires 8,327 Shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM)

Farther Finance Advisors LLC grew its stake in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 491.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,023 shares of the company’s stock after purchasing an additional 8,327 shares during the quarter. Farther Finance Advisors LLC owned about 0.42% of Fidelity Emerging Markets Multifactor ETF worth $257,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Csenge Advisory Group boosted its holdings in 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 worth $668,000 after buying an additional 1,784 shares during the last quarter. Forthright Family Wealth Advisory LLC bought a new position in Fidelity Emerging Markets Multifactor ETF during the 4th quarter worth approximately $522,000. Dentgroup LLC acquired a new position in Fidelity Emerging Markets Multifactor ETF during the second quarter valued at approximately $1,351,000. Finally, Commonwealth Equity Services LLC increased its stake in Fidelity Emerging Markets Multifactor ETF by 19.2% in the second quarter. Commonwealth Equity Services LLC now owns 672,951 shares of the company’s stock valued at $17,224,000 after purchasing an additional 108,584 shares in the last quarter.

Fidelity Emerging Markets Multifactor ETF Trading Up 0.4 %

Shares of BATS FDEM opened at $25.74 on Friday. The company has a market capitalization of $61.76 million, a PE ratio of 8.18 and a beta of 0.68. The stock’s fifty day moving average price is $25.86 and its two-hundred day moving average price is $25.40.

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.