NewEdge Advisors LLC Has $5.23 Million Stock Holdings in Fidelity Emerging Markets Multifactor ETF $FDEM

NewEdge Advisors LLC grew its holdings in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 73.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 143,837 shares of the company’s stock after purchasing an additional 60,733 shares during the period. NewEdge Advisors LLC’s holdings in Fidelity Emerging Markets Multifactor ETF were worth $5,226,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Storgate LLC bought a new stake in shares of Fidelity Emerging Markets Multifactor ETF during the 4th quarter worth $9,421,000. Arkadios Wealth Advisors grew its position in Fidelity Emerging Markets Multifactor ETF by 113.8% in the first quarter. Arkadios Wealth Advisors now owns 207,872 shares of the company’s stock valued at $6,565,000 after acquiring an additional 110,626 shares during the last quarter. Kestra Advisory Services LLC raised its stake in Fidelity Emerging Markets Multifactor ETF by 10.3% during the first quarter. Kestra Advisory Services LLC now owns 207,746 shares of the company’s stock worth $6,561,000 after acquiring an additional 19,389 shares in the last quarter. Clarity Retirement & Wealth LLC acquired a new position in Fidelity Emerging Markets Multifactor ETF during the fourth quarter worth about $6,236,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Fidelity Emerging Markets Multifactor ETF by 81.4% in the first quarter. Sunbelt Securities Inc. now owns 198,066 shares of the company’s stock worth $6,255,000 after acquiring an additional 88,865 shares during the last quarter.

Fidelity Emerging Markets Multifactor ETF Trading Down 1.9%

FDEM stock opened at $35.91 on Tuesday. The firm has a 50-day moving average price of $35.62 and a 200-day moving average price of $35.04. Fidelity Emerging Markets Multifactor ETF has a 12 month low of $29.11 and a 12 month high of $38.32. The stock has a market capitalization of $237.01 million, a P/E ratio of 11.96 and a beta of 0.54.

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.