IFP Advisors Inc Trims Holdings in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG)

IFP Advisors Inc decreased its holdings in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) by 21.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,912 shares of the company’s stock after selling 18,379 shares during the period. IFP Advisors Inc owned about 1.97% of Fidelity U.S. Multifactor ETF worth $2,330,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of FLRG. Centennial Wealth Advisory LLC purchased a new stake in Fidelity U.S. Multifactor ETF in the third quarter worth $2,342,000. FMR LLC increased its stake in Fidelity U.S. Multifactor ETF by 283.2% in the third quarter. FMR LLC now owns 4,595 shares of the company’s stock worth $156,000 after purchasing an additional 3,396 shares during the period. JPMorgan Chase & Co. purchased a new stake in Fidelity U.S. Multifactor ETF in the third quarter worth $46,000. West Branch Capital LLC purchased a new stake in Fidelity U.S. Multifactor ETF in the fourth quarter worth $93,000. Finally, Sovran Advisors LLC purchased a new stake in Fidelity U.S. Multifactor ETF in the fourth quarter worth $663,000.

Fidelity U.S. Multifactor ETF Stock Down 0.1 %

FLRG stock opened at $34.73 on Wednesday. The firm has a market cap of $121.56 million, a price-to-earnings ratio of 17.98 and a beta of 0.88. Fidelity U.S. Multifactor ETF has a twelve month low of $28.68 and a twelve month high of $35.85. The business’s fifty day simple moving average is $34.83 and its two-hundred day simple moving average is $34.31.

About Fidelity U.S. Multifactor ETF

The Fidelity U.S. Multifactor ETF (FLRG) is an exchange-traded fund that is based on the Fidelity U.S. Multifactor index. The fund tracks an index large-cap US stocks selected by four factors – value, quality, low volatility, and momentum. FLRG was launched on Sep 15, 2020 and is managed by Fidelity.