Archer Investment Management LLC Takes $6.87 Million Position in Fidelity Emerging Markets Multifactor ETF $FDEM

Archer Investment Management LLC acquired a new position in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 228,348 shares of the company’s stock, valued at approximately $6,869,000. Fidelity Emerging Markets Multifactor ETF makes up about 4.2% of Archer Investment Management LLC’s portfolio, making the stock its 9th largest position. Archer Investment Management LLC owned approximately 3.46% of Fidelity Emerging Markets Multifactor ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McAdam LLC boosted its holdings in Fidelity Emerging Markets Multifactor ETF by 23.7% in the second quarter. McAdam LLC now owns 398,018 shares of the company’s stock worth $11,141,000 after acquiring an additional 76,272 shares in the last quarter. Salus Financial Advisors LLC raised its position in shares of Fidelity Emerging Markets Multifactor ETF by 2.8% in the 2nd quarter. Salus Financial Advisors LLC now owns 278,096 shares of the company’s stock worth $7,784,000 after purchasing an additional 7,544 shares during the last quarter. Jane Street Group LLC bought a new position in Fidelity Emerging Markets Multifactor ETF in the 2nd quarter worth about $5,411,000. Kestra Advisory Services LLC grew its position in Fidelity Emerging Markets Multifactor ETF by 20.0% during the 1st quarter. Kestra Advisory Services LLC now owns 156,436 shares of the company’s stock valued at $3,997,000 after purchasing an additional 26,115 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in Fidelity Emerging Markets Multifactor ETF during the 2nd quarter valued at about $4,273,000.

Fidelity Emerging Markets Multifactor ETF Stock Performance

BATS:FDEM opened at $30.37 on Friday. The firm has a market cap of $200.44 million, a P/E ratio of 11.96 and a beta of 0.54. Fidelity Emerging Markets Multifactor ETF has a fifty-two week low of $22.63 and a fifty-two week high of $29.19. The firm has a 50-day simple moving average of $30.59 and a two-hundred day simple moving average of $29.45.

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.