Envestnet Asset Management Inc. Boosts Holdings in Fidelity Emerging Markets Multifactor ETF $FDEM

Envestnet Asset Management Inc. lifted its stake in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 74.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,308 shares of the company’s stock after purchasing an additional 35,491 shares during the period. Envestnet Asset Management Inc. owned about 1.26% of Fidelity Emerging Markets Multifactor ETF worth $2,506,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of FDEM. Cetera Investment Advisers acquired a new position in shares of Fidelity Emerging Markets Multifactor ETF during the second quarter valued at approximately $4,273,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Fidelity Emerging Markets Multifactor ETF during the second quarter worth approximately $115,000. Mayfair Advisory Group LLC purchased a new stake in shares of Fidelity Emerging Markets Multifactor ETF during the second quarter worth approximately $557,000. Raymond James Financial Inc. acquired a new position in Fidelity Emerging Markets Multifactor ETF in the 2nd quarter valued at $26,000. Finally, Jane Street Group LLC purchased a new position in Fidelity Emerging Markets Multifactor ETF in the 2nd quarter valued at $5,411,000.

Fidelity Emerging Markets Multifactor ETF Stock Down 0.6%

Fidelity Emerging Markets Multifactor ETF stock opened at $35.00 on Friday. The company has a fifty day simple moving average of $32.87 and a 200-day simple moving average of $31.12. The firm has a market capitalization of $231 million, a price-to-earnings ratio of 11.96 and a beta of 0.54. Fidelity Emerging Markets Multifactor ETF has a 52-week low of $22.63 and a 52-week high of $35.50.

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.