Apex Wealth Management LLC Raises Stake in Fidelity International Multifactor ETF $FDEV

Apex Wealth Management LLC lifted its stake in Fidelity International Multifactor ETF (BATS:FDEV) by 18.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,722 shares of the company’s stock after purchasing an additional 21,046 shares during the period. Fidelity International Multifactor ETF comprises about 3.2% of Apex Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. Apex Wealth Management LLC owned 2.59% of Fidelity International Multifactor ETF worth $4,466,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its position in Fidelity International Multifactor ETF by 689.3% in 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 during the period. Dentgroup LLC bought a new stake in shares of Fidelity International Multifactor ETF during the second quarter valued at approximately $275,000. Ameritas Advisory Services LLC purchased a new stake in shares of Fidelity International Multifactor ETF in the second quarter valued at approximately $35,000. Elm3 Financial Group LLC boosted its holdings in shares of Fidelity International Multifactor ETF by 21.7% in the second quarter. Elm3 Financial Group LLC now owns 36,303 shares of the company’s stock valued at $1,183,000 after purchasing an additional 6,471 shares during the period. Finally, Envestnet Asset Management Inc. bought a new position in Fidelity International Multifactor ETF in the second quarter worth approximately $500,000.

Fidelity International Multifactor ETF Stock Up 8.6%

FDEV opened at $35.35 on Friday. The company has a market capitalization of $183.79 million, a P/E ratio of 16.06 and a beta of 0.73. The stock’s fifty day moving average is $34.08 and its two-hundred day moving average is $33.26. Fidelity International Multifactor ETF has a 52 week low of $26.53 and a 52 week high of $32.98.

About Fidelity International Multifactor ETF

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.