Merkkuri Wealth Advisors LLC Has $1.65 Million Stock Holdings in Fidelity Emerging Markets Multifactor ETF (BATS:FDEM)

Merkkuri Wealth Advisors LLC boosted its stake in shares of Fidelity Emerging Markets Multifactor ETF (BATS:FDEM) by 14.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 61,031 shares of the company’s stock after buying an additional 7,571 shares during the period. Fidelity Emerging Markets Multifactor ETF makes up approximately 1.3% of Merkkuri Wealth Advisors LLC’s holdings, making the stock its 26th biggest holding. Merkkuri Wealth Advisors LLC’s holdings in Fidelity Emerging Markets Multifactor ETF were worth $1,651,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in Fidelity Emerging Markets Multifactor ETF by 491.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 10,023 shares of the company’s stock valued at $257,000 after buying an additional 8,327 shares during the last quarter. Birchcreek Wealth Management LLC bought a new stake in shares of Fidelity Emerging Markets Multifactor ETF in the second quarter worth $349,000. Csenge Advisory Group grew its position in Fidelity Emerging Markets Multifactor ETF by 7.1% in the first quarter. Csenge Advisory Group now owns 26,919 shares of the company’s stock valued at $668,000 after purchasing an additional 1,784 shares in the last quarter. McAdam LLC acquired a new stake in Fidelity Emerging Markets Multifactor ETF in the 3rd quarter valued at $908,000. Finally, Dentgroup LLC bought a new stake in Fidelity Emerging Markets Multifactor ETF during the 2nd quarter worth about $1,351,000.

Fidelity Emerging Markets Multifactor ETF Stock Performance

Fidelity Emerging Markets Multifactor ETF stock opened at $26.39 on Friday. The firm has a market cap of $63.34 million, a P/E ratio of 8.18 and a beta of 0.68. The business’s 50 day simple moving average is $26.36 and its 200-day simple moving average is $25.83.

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.