Stratos Wealth Advisors LLC Purchases New Holdings in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM)

Stratos Wealth Advisors LLC acquired a new stake in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 30,770 shares of the company’s stock, valued at approximately $776,000. Stratos Wealth Advisors LLC owned about 1.28% of Fidelity Emerging Markets Multifactor ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FDEM. McAdam LLC lifted its holdings in shares of Fidelity Emerging Markets Multifactor ETF by 481.3% during the fourth quarter. McAdam LLC now owns 195,119 shares of the company’s stock worth $4,923,000 after purchasing an additional 161,552 shares during the period. RFG Advisory LLC acquired a new stake in shares of Fidelity Emerging Markets Multifactor ETF in the 4th quarter worth $338,000. Merkkuri Wealth Advisors LLC boosted its holdings in shares of Fidelity Emerging Markets Multifactor ETF by 14.2% in the third quarter. Merkkuri Wealth Advisors LLC now owns 61,031 shares of the company’s stock valued at $1,651,000 after acquiring an additional 7,571 shares in the last quarter. Dentgroup LLC increased its stake in shares of Fidelity Emerging Markets Multifactor ETF by 44.5% during the fourth quarter. Dentgroup LLC now owns 16,344 shares of the company’s stock worth $412,000 after acquiring an additional 5,033 shares during the period. Finally, Sunbelt Securities Inc. raised its holdings in Fidelity Emerging Markets Multifactor ETF by 4.5% during the third quarter. Sunbelt Securities Inc. now owns 83,147 shares of the company’s stock worth $2,249,000 after purchasing an additional 3,560 shares in the last quarter.

Fidelity Emerging Markets Multifactor ETF Price Performance

Shares of FDEM opened at $25.86 on Friday. The firm has a fifty day simple moving average of $25.73 and a 200 day simple moving average of $25.96. The stock has a market cap of $62.06 million, a price-to-earnings ratio of 8.18 and a beta of 0.68.

About Fidelity Emerging Markets Multifactor ETF

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.