Archer Investment Management LLC Sells 80,311 Shares of Fidelity Emerging Markets Multifactor ETF $FDEM

Archer Investment Management LLC lowered its holdings in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 35.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 148,037 shares of the company’s stock after selling 80,311 shares during the quarter. Fidelity Emerging Markets Multifactor ETF makes up 2.5% of Archer Investment Management LLC’s holdings, making the stock its 10th largest position. Archer Investment Management LLC owned about 2.24% of Fidelity Emerging Markets Multifactor ETF worth $4,571,000 as of its most recent SEC filing.

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

Fidelity Emerging Markets Multifactor ETF Trading Down 1.5%

BATS:FDEM opened at $31.60 on Wednesday. The company has a market cap of $208.56 million, a P/E ratio of 11.96 and a beta of 0.54. Fidelity Emerging Markets Multifactor ETF has a twelve month low of $22.63 and a twelve month high of $35.50. The company’s 50-day moving average price is $33.31 and its 200-day moving average price is $31.59.

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.