Kestra Advisory Services LLC Boosts Position in Fidelity Emerging Markets Multifactor ETF $FDEM

Kestra Advisory Services LLC grew its position in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 10.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,746 shares of the company’s stock after buying an additional 19,389 shares during the period. Kestra Advisory Services LLC’s holdings in Fidelity Emerging Markets Multifactor ETF were worth $6,561,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Fidelity Emerging Markets Multifactor ETF during the 2nd quarter valued at approximately $26,000. Wells Fargo & Company MN increased its stake in Fidelity Emerging Markets Multifactor ETF by 103,800.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,039 shares of the company’s stock worth $32,000 after acquiring an additional 1,038 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in Fidelity Emerging Markets Multifactor ETF during the fourth quarter worth $35,000. Advisory Services Network LLC purchased a new stake in Fidelity Emerging Markets Multifactor ETF in the third quarter valued at $96,000. Finally, Commons Capital LLC purchased a new stake in Fidelity Emerging Markets Multifactor ETF in the fourth quarter valued at $302,000.

Fidelity Emerging Markets Multifactor ETF Stock Up 1.6%

Shares of Fidelity Emerging Markets Multifactor ETF stock opened at $35.36 on Wednesday. Fidelity Emerging Markets Multifactor ETF has a 52 week low of $28.00 and a 52 week high of $38.32. The business’s fifty day simple moving average is $36.33 and its 200-day simple moving average is $34.21. The firm has a market cap of $233.38 million, a PE ratio of 11.96 and a beta of 0.54.

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.