Merkkuri Wealth Advisors LLC Acquires 503 Shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM)

Merkkuri Wealth Advisors LLC increased its stake in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,534 shares of the company’s stock after acquiring an additional 503 shares during the quarter. Fidelity Emerging Markets Multifactor ETF accounts for approximately 1.2% of Merkkuri Wealth Advisors LLC’s portfolio, making the stock its 28th largest position. Merkkuri Wealth Advisors LLC owned approximately 2.56% of Fidelity Emerging Markets Multifactor ETF worth $1,553,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Larson Financial Group LLC bought a new position in Fidelity Emerging Markets Multifactor ETF in the 3rd quarter valued at about $26,000. FMR LLC boosted its position in shares of Fidelity Emerging Markets Multifactor ETF by 151.8% during the third quarter. FMR LLC now owns 1,108 shares of the company’s stock valued at $30,000 after buying an additional 668 shares during the last quarter. MML Investors Services LLC grew its holdings in Fidelity Emerging Markets Multifactor ETF by 9.0% during the third quarter. MML Investors Services LLC now owns 10,114 shares of the company’s stock worth $274,000 after buying an additional 836 shares in the last quarter. RFG Advisory LLC purchased a new stake in Fidelity Emerging Markets Multifactor ETF in the 4th quarter valued at $338,000. Finally, Farther Finance Advisors LLC lifted its stake in Fidelity Emerging Markets Multifactor ETF by 27.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,766 shares of the company’s stock valued at $345,000 after acquiring an additional 2,743 shares in the last quarter.

Fidelity Emerging Markets Multifactor ETF Stock Performance

Shares of FDEM stock opened at $25.84 on Friday. The firm has a 50 day moving average price of $25.74 and a 200-day moving average price of $26.00. The stock has a market capitalization of $62.02 million, a P/E ratio of 8.18 and a beta of 0.68.

Fidelity Emerging Markets Multifactor ETF Company 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.