Commonwealth Equity Services LLC increased its position in Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG – Free Report) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 853,458 shares of the company’s stock after acquiring an additional 37,477 shares during the quarter. Commonwealth Equity Services LLC owned about 24.38% of Fidelity U.S. Multifactor ETF worth $28,858,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sigma Planning Corp purchased a new stake in Fidelity U.S. Multifactor ETF during the 4th quarter valued at approximately $877,000. Sovran Advisors LLC purchased a new stake in Fidelity U.S. Multifactor ETF during the 4th quarter valued at approximately $663,000. FMR LLC grew its holdings in Fidelity U.S. Multifactor ETF by 283.2% during the 3rd quarter. FMR LLC now owns 4,595 shares of the company’s stock valued at $156,000 after buying an additional 3,396 shares in the last quarter. West Branch Capital LLC purchased a new stake in Fidelity U.S. Multifactor ETF during the 4th quarter valued at approximately $93,000. Finally, JPMorgan Chase & Co. purchased a new stake in Fidelity U.S. Multifactor ETF during the 3rd quarter valued at approximately $46,000.
Fidelity U.S. Multifactor ETF Price Performance
Shares of FLRG opened at $33.03 on Friday. Fidelity U.S. Multifactor ETF has a 1 year low of $28.68 and a 1 year high of $35.85. The company has a 50 day simple moving average of $34.69 and a two-hundred day simple moving average of $34.38. The firm has a market cap of $196.53 million, a P/E ratio of 20.61 and a beta of 0.89.
Fidelity U.S. Multifactor ETF Company Profile
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.
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