Dahring Cusmano LLC Invests $277,000 in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM)

Dahring Cusmano LLC acquired a new position in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,981 shares of the company’s stock, valued at approximately $277,000. Dahring Cusmano LLC owned 0.46% of Fidelity Emerging Markets Multifactor ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FDEM. Larson Financial Group LLC purchased a new stake in Fidelity Emerging Markets Multifactor ETF during the third quarter worth $26,000. FMR LLC boosted its holdings in Fidelity Emerging Markets Multifactor ETF by 151.8% during the third quarter. FMR LLC now owns 1,108 shares of the company’s stock worth $30,000 after buying an additional 668 shares in the last quarter. Principal Securities Inc. purchased a new stake in Fidelity Emerging Markets Multifactor ETF during the fourth quarter worth $63,000. MML Investors Services LLC boosted its holdings in Fidelity Emerging Markets Multifactor ETF by 9.0% during the third quarter. MML Investors Services LLC now owns 10,114 shares of the company’s stock worth $274,000 after buying an additional 836 shares in the last quarter. Finally, RFG Advisory LLC purchased a new stake in Fidelity Emerging Markets Multifactor ETF during the fourth quarter worth $338,000.

Fidelity Emerging Markets Multifactor ETF Trading Up 5.4 %

FDEM opened at $26.30 on Friday. The stock has a market capitalization of $63.13 million, a P/E ratio of 8.18 and a beta of 0.68. The firm’s 50-day moving average is $25.73 and its two-hundred day moving average is $25.99.

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.