REDW Wealth LLC Purchases 19,896 Shares of Fidelity Emerging Markets Multifactor ETF $FDEM

REDW Wealth LLC grew its position in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 85.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,224 shares of the company’s stock after purchasing an additional 19,896 shares during the quarter. REDW Wealth LLC owned approximately 0.65% of Fidelity Emerging Markets Multifactor ETF worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. MAI Capital Management bought a new stake in shares of Fidelity Emerging Markets Multifactor ETF during the 3rd quarter valued at $8,017,000. Jane Street Group LLC bought a new position in Fidelity Emerging Markets Multifactor ETF in the 2nd quarter worth $5,411,000. McAdam LLC boosted its holdings in Fidelity Emerging Markets Multifactor ETF by 39.7% in the 3rd quarter. McAdam LLC now owns 556,084 shares of the company’s stock worth $16,727,000 after buying an additional 158,066 shares during the period. Smartleaf Asset Management LLC purchased a new stake in Fidelity Emerging Markets Multifactor ETF in the 3rd quarter worth $3,438,000. Finally, von Borstel & Associates Inc. purchased a new stake in Fidelity Emerging Markets Multifactor ETF in the 3rd quarter worth $3,338,000.

Fidelity Emerging Markets Multifactor ETF Stock Down 1.2%

Shares of Fidelity Emerging Markets Multifactor ETF stock opened at $34.44 on Friday. The stock’s 50-day simple moving average is $33.14 and its 200-day simple moving average is $31.98. Fidelity Emerging Markets Multifactor ETF has a 52 week low of $25.22 and a 52 week high of $35.50. The company has a market capitalization of $227.30 million, a price-to-earnings 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.