International Assets Investment Management LLC Invests $736,000 in Fidelity International Multifactor ETF (BATS:FDEV)

International Assets Investment Management LLC acquired a new stake in Fidelity International Multifactor ETF (BATS:FDEV) during the fourth quarter, Holdings Channel reports. The fund acquired 27,626 shares of the company’s stock, valued at approximately $736,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Financial Management Network Inc. lifted its stake in shares of Fidelity International Multifactor ETF by 3.1% in the 4th quarter. Financial Management Network Inc. now owns 27,465 shares of the company’s stock valued at $728,000 after purchasing an additional 823 shares during the last quarter. Lincoln National Corp raised its holdings in Fidelity International Multifactor ETF by 53.7% in the 3rd quarter. Lincoln National Corp now owns 27,789 shares of the company’s stock valued at $687,000 after buying an additional 9,704 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its position in Fidelity International Multifactor ETF by 19.5% in the third quarter. Kestra Private Wealth Services LLC now owns 36,978 shares of the company’s stock valued at $915,000 after buying an additional 6,044 shares during the last quarter.

Fidelity International Multifactor ETF Trading Up 0.6 %

Shares of FDEV opened at $26.83 on Wednesday. The company’s fifty day moving average is $27.10 and its 200-day moving average is $26.21. The firm has a market capitalization of $64.39 million, a PE ratio of 14.68 and a beta of 0.67.

Fidelity International Multifactor ETF Profile

The Fidelity International Multifactor ETF (FDEV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a multi-factored index of developed ex-US companies. FDEV was launched on Feb 26, 2019 and is managed by Fidelity.