RFG Advisory LLC Makes New $338,000 Investment in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM)

RFG Advisory LLC purchased a new position in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,415 shares of the company’s stock, valued at approximately $338,000. RFG Advisory LLC owned 0.56% of Fidelity Emerging Markets Multifactor ETF as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. MML Investors Services LLC boosted its stake in Fidelity Emerging Markets Multifactor ETF by 9.0% in the 3rd quarter. MML Investors Services LLC now owns 10,114 shares of the company’s stock worth $274,000 after buying an additional 836 shares during the last quarter. FMR LLC lifted its holdings in shares of Fidelity Emerging Markets Multifactor ETF by 151.8% during the 3rd quarter. FMR LLC now owns 1,108 shares of the company’s stock worth $30,000 after acquiring an additional 668 shares during the period. Sunbelt Securities Inc. boosted its position in shares of Fidelity Emerging Markets Multifactor ETF by 2.6% in the second quarter. Sunbelt Securities Inc. now owns 79,587 shares of the company’s stock worth $2,037,000 after acquiring an additional 2,024 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Fidelity Emerging Markets Multifactor ETF by 27.4% in the third quarter. Farther Finance Advisors LLC now owns 12,766 shares of the company’s stock valued at $345,000 after purchasing an additional 2,743 shares during the period. Finally, Larson Financial Group LLC acquired a new position in Fidelity Emerging Markets Multifactor ETF during the third quarter worth approximately $26,000.

Fidelity Emerging Markets Multifactor ETF Stock Performance

Shares of FDEM opened at $25.48 on Tuesday. The firm has a market cap of $61.15 million, a price-to-earnings ratio of 8.18 and a beta of 0.68. The company has a fifty day moving average of $25.74 and a two-hundred day moving average of $26.00.

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.