Goldman Sachs Group Inc. Cuts Stake in Fidelity International Multifactor ETF $FDEV

Goldman Sachs Group Inc. lowered its holdings in shares of Fidelity International Multifactor ETF (BATS:FDEV) by 71.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,776 shares of the company’s stock after selling 27,155 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.22% of Fidelity International Multifactor ETF worth $317,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Kestra Private Wealth Services LLC grew its holdings in Fidelity International Multifactor ETF by 8.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 15,455 shares of the company’s stock valued at $454,000 after buying an additional 1,199 shares in the last quarter. Elm3 Financial Group LLC purchased a new position in Fidelity International Multifactor ETF during the 1st quarter valued at approximately $876,000. Finally, Jane Street Group LLC grew its holdings in Fidelity International Multifactor ETF by 689.3% during the 1st quarter. Jane Street Group LLC now owns 300,000 shares of the company’s stock valued at $8,814,000 after buying an additional 261,994 shares in the last quarter.

Fidelity International Multifactor ETF Price Performance

BATS FDEV opened at $32.73 on Friday. The stock has a market capitalization of $170.20 million, a PE ratio of 16.06 and a beta of 0.73. The business has a 50 day simple moving average of $32.87 and a two-hundred day simple moving average of $31.54. Fidelity International Multifactor ETF has a 1-year low of $26.53 and a 1-year high of $32.98.

Fidelity International Multifactor ETF Company 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.