Fidelity International Multifactor ETF (BATS:FDEV) Shares Up 0.7% – Still a Buy?

Fidelity International Multifactor ETF (BATS:FDEV) rose 0.7% on Friday. The stock traded as high as $36.06 and last traded at $36.05. 39,469 shares changed hands during trading, an increase of 14% from the average session volume of 34,501 shares. The stock had previously closed at $35.79.

Fidelity International Multifactor ETF Trading Up 0.7%

The stock has a market capitalization of $187.46 million, a price-to-earnings ratio of 16.06 and a beta of 0.73. The business has a 50 day simple moving average of $37.47 and a 200-day simple moving average of $36.58.

Hedge Funds Weigh In On Fidelity International Multifactor ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Advocacy Wealth Management LLC purchased a new position in shares of Fidelity International Multifactor ETF in the 2nd quarter worth about $21,891,000. Kestra Advisory Services LLC grew its holdings in shares of Fidelity International Multifactor ETF by 230.2% during the 1st quarter. Kestra Advisory Services LLC now owns 53,068 shares of the company’s stock worth $1,893,000 after purchasing an additional 36,996 shares during the period. RCS Financial Planning LLC acquired a new stake in Fidelity International Multifactor ETF during the 1st quarter worth approximately $916,000. Midwest Financial Network LLC acquired a new stake in Fidelity International Multifactor ETF during the 1st quarter worth approximately $778,000. Finally, Cetera Investment Advisers raised its holdings in Fidelity International Multifactor ETF by 43.2% in the first quarter. Cetera Investment Advisers now owns 50,983 shares of the company’s stock valued at $1,819,000 after buying an additional 15,378 shares during the period.

Fidelity International Multifactor ETF Company 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.