Envestnet Asset Management Inc. Grows Holdings in Fidelity International Multifactor ETF $FDEV

Envestnet Asset Management Inc. raised its position in Fidelity International Multifactor ETF (BATS:FDEV) by 167.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,139 shares of the company’s stock after purchasing an additional 25,782 shares during the quarter. Envestnet Asset Management Inc. owned 0.79% of Fidelity International Multifactor ETF worth $1,364,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC acquired a new stake in shares of Fidelity International Multifactor ETF during the third quarter worth about $66,000. Apex Wealth Management LLC boosted its position in Fidelity International Multifactor ETF by 18.5% in the 3rd quarter. Apex Wealth Management LLC now owns 134,722 shares of the company’s stock valued at $4,466,000 after buying an additional 21,046 shares during the period. Elm3 Financial Group LLC grew its stake in shares of Fidelity International Multifactor ETF by 4.6% in the third quarter. Elm3 Financial Group LLC now owns 37,985 shares of the company’s stock worth $1,259,000 after acquiring an additional 1,682 shares in the last quarter. Dentgroup LLC raised its stake in shares of Fidelity International Multifactor ETF by 35.1% in the third quarter. Dentgroup LLC now owns 11,394 shares of the company’s stock valued at $378,000 after acquiring an additional 2,958 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in Fidelity International Multifactor ETF by 33.3% in the second quarter. Osaic Holdings Inc. now owns 49,236 shares of the company’s stock valued at $1,605,000 after purchasing an additional 12,313 shares during the period.

Fidelity International Multifactor ETF Price Performance

Shares of BATS FDEV opened at $37.76 on Monday. The company has a market cap of $196.35 million, a price-to-earnings ratio of 16.06 and a beta of 0.73. The stock’s 50-day moving average is $36.15 and its two-hundred day moving average is $34.36. Fidelity International Multifactor ETF has a 1-year low of $26.56 and a 1-year high of $38.08.

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.