American Trust Acquires 1,288 Shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM)

American Trust grew its holdings in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 43.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,250 shares of the company’s stock after purchasing an additional 1,288 shares during the period. American Trust owned approximately 0.43% of Fidelity Emerging Markets Multifactor ETF worth $653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FDEM. UBS Group AG increased its stake in shares of Fidelity Emerging Markets Multifactor ETF by 124.9% in the 4th quarter. UBS Group AG now owns 2,458 shares of the company’s stock valued at $53,000 after purchasing an additional 1,365 shares during the last quarter. BKA Wealth Consulting Inc. bought a new position in shares of Fidelity Emerging Markets Multifactor ETF in the 1st quarter valued at $200,000. Finally, OmniStar Financial Group Inc. bought a new position in shares of Fidelity Emerging Markets Multifactor ETF in the 1st quarter valued at $525,000.

Fidelity Emerging Markets Multifactor ETF Stock Performance

BATS FDEM opened at $23.02 on Friday. The firm’s fifty day moving average price is $22.86 and its two-hundred day moving average price is $22.43. The firm has a market cap of $23.02 million, a P/E ratio of 7.35 and a beta of 0.66.

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.