Salus Financial Advisors LLC Sells 26,502 Shares of Fidelity Emerging Markets Multifactor ETF $FDEM

Salus Financial Advisors LLC reduced its position in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 9.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 256,973 shares of the company’s stock after selling 26,502 shares during the period. Fidelity Emerging Markets Multifactor ETF makes up about 4.7% of Salus Financial Advisors LLC’s holdings, making the stock its 6th biggest holding. Salus Financial Advisors LLC owned approximately 3.89% of Fidelity Emerging Markets Multifactor ETF worth $8,115,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FDEM. Wayfinding Financial LLC increased its position in shares of Fidelity Emerging Markets Multifactor ETF by 0.3% during the fourth quarter. Wayfinding Financial LLC now owns 107,118 shares of the company’s stock worth $3,307,000 after acquiring an additional 337 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Fidelity Emerging Markets Multifactor ETF by 1.2% during the 4th quarter. Farther Finance Advisors LLC now owns 33,607 shares of the company’s stock valued at $1,038,000 after purchasing an additional 406 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Fidelity Emerging Markets Multifactor ETF during the 2nd quarter valued at approximately $26,000. Wells Fargo & Company MN grew its stake in Fidelity Emerging Markets Multifactor ETF by 103,800.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,039 shares of the company’s stock valued at $32,000 after purchasing an additional 1,038 shares in the last quarter. Finally, Elyxium Wealth LLC purchased a new stake in Fidelity Emerging Markets Multifactor ETF during the 4th quarter worth approximately $35,000.

Fidelity Emerging Markets Multifactor ETF Stock Up 1.0%

Shares of FDEM opened at $36.33 on Wednesday. The business’s 50 day moving average is $36.19 and its two-hundred day moving average is $33.86. Fidelity Emerging Markets Multifactor ETF has a 52-week low of $27.91 and a 52-week high of $38.32. The firm has a market cap of $239.78 million, a price-to-earnings ratio of 11.96 and a beta of 0.54.

Fidelity Emerging Markets Multifactor ETF 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.