McAdam LLC Has $8.22 Million Stock Holdings in Fidelity Emerging Markets Multifactor ETF $FDEM

McAdam LLC increased its stake in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 64.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 321,746 shares of the company’s stock after acquiring an additional 126,627 shares during the quarter. Fidelity Emerging Markets Multifactor ETF comprises 0.5% of McAdam LLC’s holdings, making the stock its 28th largest holding. McAdam LLC owned about 5.03% of Fidelity Emerging Markets Multifactor ETF worth $8,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jane Street Group LLC lifted its stake in Fidelity Emerging Markets Multifactor ETF by 456.4% in the fourth quarter. Jane Street Group LLC now owns 124,045 shares of the company’s stock valued at $3,130,000 after buying an additional 101,752 shares during the period. Citadel Advisors LLC bought a new stake in Fidelity Emerging Markets Multifactor ETF during the fourth quarter worth $1,644,000. Salus Financial Advisors LLC purchased a new position in Fidelity Emerging Markets Multifactor ETF in the fourth quarter worth $5,774,000. Sunbelt Securities Inc. boosted its position in Fidelity Emerging Markets Multifactor ETF by 19.4% in the fourth quarter. Sunbelt Securities Inc. now owns 99,250 shares of the company’s stock worth $2,517,000 after purchasing an additional 16,103 shares during the last quarter. Finally, Ball & Co Wealth Management Inc. purchased a new position in shares of Fidelity Emerging Markets Multifactor ETF during the 4th quarter valued at $67,000.

Fidelity Emerging Markets Multifactor ETF Stock Performance

Shares of FDEM opened at $30.00 on Wednesday. The stock’s 50-day simple moving average is $28.75 and its 200 day simple moving average is $27.01. The stock has a market capitalization of $197.97 million, a price-to-earnings ratio of 11.96 and a beta of 0.54. Fidelity Emerging Markets Multifactor ETF has a 52-week low of $22.63 and a 52-week high of $29.19.

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.