von Borstel & Associates Inc. Purchases New Stake in Fidelity Emerging Markets Multifactor ETF $FDEM

von Borstel & Associates Inc. bought a new stake in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 107,152 shares of the company’s stock, valued at approximately $3,338,000. von Borstel & Associates Inc. owned 1.62% of Fidelity Emerging Markets Multifactor ETF as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its position in Fidelity Emerging Markets Multifactor ETF by 2.9% in the third quarter. Commonwealth Equity Services LLC now owns 956,075 shares of the company’s stock valued at $28,759,000 after purchasing an additional 26,705 shares during the last quarter. McAdam LLC grew its holdings in shares of Fidelity Emerging Markets Multifactor ETF by 39.7% during the third quarter. McAdam LLC now owns 556,084 shares of the company’s stock worth $16,727,000 after purchasing an additional 158,066 shares during the last quarter. Salus Financial Advisors LLC increased its stake in shares of Fidelity Emerging Markets Multifactor ETF by 1.4% in the third quarter. Salus Financial Advisors LLC now owns 282,101 shares of the company’s stock valued at $8,486,000 after buying an additional 4,005 shares during the period. MAI Capital Management acquired a new position in shares of Fidelity Emerging Markets Multifactor ETF in the third quarter valued at approximately $8,017,000. Finally, Archer Investment Management LLC bought a new position in Fidelity Emerging Markets Multifactor ETF in the 3rd quarter valued at approximately $6,869,000.

Fidelity Emerging Markets Multifactor ETF Price Performance

BATS:FDEM opened at $31.75 on Friday. Fidelity Emerging Markets Multifactor ETF has a one year low of $22.63 and a one year high of $35.50. The company has a market cap of $209.55 million, a PE ratio of 11.96 and a beta of 0.54. The firm’s 50 day simple moving average is $33.32 and its 200 day simple moving average is $31.41.

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.