Salus Financial Advisors LLC trimmed its position in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM – Free Report) by 9.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 256,973 shares of the company’s stock after selling 26,502 shares during the quarter. Fidelity Emerging Markets Multifactor ETF makes up approximately 4.7% of Salus Financial Advisors LLC’s holdings, making the stock its 6th largest position. Salus Financial Advisors LLC’s holdings in Fidelity Emerging Markets Multifactor ETF were worth $8,115,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in FDEM. Cassilly Financial Group LLC bought a new stake in Fidelity Emerging Markets Multifactor ETF during the fourth quarter valued at $694,000. Mayfair Advisory Group LLC grew its position in shares of Fidelity Emerging Markets Multifactor ETF by 97.2% during the 4th quarter. Mayfair Advisory Group LLC now owns 57,084 shares of the company’s stock valued at $1,805,000 after buying an additional 28,133 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Fidelity Emerging Markets Multifactor ETF by 47.7% during the third quarter. JPMorgan Chase & Co. now owns 58,535 shares of the company’s stock worth $1,761,000 after acquiring an additional 18,894 shares during the period. von Borstel & Associates Inc. acquired a new position in Fidelity Emerging Markets Multifactor ETF in the third quarter valued at approximately $3,338,000. Finally, Storgate LLC acquired a new position in Fidelity Emerging Markets Multifactor ETF in the fourth quarter valued at approximately $9,421,000.
Fidelity Emerging Markets Multifactor ETF Trading Up 1.0%
BATS:FDEM opened at $36.33 on Wednesday. The stock has a 50 day moving average of $36.19 and a 200-day moving average of $33.86. The firm has a market capitalization of $239.78 million, a PE ratio of 11.96 and a beta of 0.54. Fidelity Emerging Markets Multifactor ETF has a 52 week low of $27.91 and a 52 week high of $38.32.
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.
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